A kitchen fittings company, founded by former Team GB swimmer Dan Briggs, has received a significant boost from the Northern Powerhouse Investment Fund II.
Fittingsco, established in 2017, aims to expand its team and stock levels, leveraging the new investment to drive growth.
Dan Briggs, a former Team GB swimmer, founded Fittingsco in 2017 while balancing his swimming training. The company, based in Chadderton, specialises in providing a wide range of furniture fittings, including hinges, drawers, and LED under-counter lighting.
Fittingsco recently secured funding from the debt capital portion of the Northern Powerhouse Investment Fund II (NPIF II), managed by FW Capital. The investment will significantly enhance Fittingsco’s operational capacity and enable rapid scaling of its operations.
This strategic approach ensures that customers have access to high-quality and innovative products, enhancing their portfolio designs.
FW Capital, as part of this fund, offers debt finance options between £100,000 and £2 million, primarily targeting businesses in the North West.
Sue Barnard, Senior Manager at the British Business Bank, applauded the investment, stating it would not only aid Fittingsco’s growth but also create jobs in Greater Manchester.
The influx of capital will support the introduction of new products and further innovations, keeping Fittingsco competitive in the market.
As the company expands, it is likely to generate new employment opportunities, fostering economic development within the local community.
This proactive approach is anticipated to sustain Fittingsco’s growth trajectory and market relevance.
The company’s strategic focus on innovation and market trends will likely result in sustained growth and increased market share.
Securing investment from NPIF II marks a significant milestone for Fittingsco, setting the stage for accelerated growth and innovation. With a strong leadership team and strategic vision, the company is poised to make substantial contributions to the regional economy.
