Scotland-based event services and management business ExecSpace has been awarded £700,000 by the Scottish Loan Fund to support its business growth strategy.
MD Emma Little (pictured) says the funding will provide a significant boost to the business as it looks to widen its geographic reach into London and capitalise on the strong sector dynamics and positive economic indicators which reflect ongoing growth in that market.
Headquartered in Edinburgh and with a second office in Aberdeen, ExecSpace’s clients include Grant Thornton, Aggreko, Aegon and Nucleus.
Julie Glenny, investment director at private equity firm Maven Capital Partners, says: “We have been extremely impressed with Emma and her team and are delighted to provide SLF support to assist them in achieving their vision for ExecSpace. An intimate knowledge of the market has helped the business to deliver year-on-year growth during a turbulent recessionary period. Emma leads a very ambitious management team which has worked hard to differentiate its proposition from many of its customers, offering a seamless and efficient service for its clients.”
Little, adds: “ExecSpace is pleased to have secured funding from the Scottish Loan Fund. The flexibility of the Fund has allowed for the funds to be tailored specifically to the needs of our business. Maven has been an excellent investment partner and we look forward to working with them during the continued expansion of our business.”
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