Our Exciting Funding News!March 26th, 2019 | Share on:
Edit: This story has now been published in The Herald and The Scotsman
We’re excited to announce that we have been awarded the £50,000 Digital Development Loan from The Scottish Government! This is the largest Digital Development Loan available, and is part of the Government’s wider £36 million Digital Growth Fund, created to support the development of Scottish business’s digital skills and capabilities. The DDL is administered by DSL Business Finance and Lanarkshire Enterprise Services Ltd.
Our CEO and CTO Kyle and Simon with DSL Business Finance at their 25th Anniversary Dinner © DSL Business Finance
The funding is a major boost for our team as we continue to thrive in what’s already been our most exciting year to date. We’re thrilled to have The Scottish Government recognise our potential in such a significant way and we can’t wait to put the money to good use as part of our ambitious growth strategy for 2019.
When asked how the £50,000 will help us to maximise our potential, VeryConnect CEO Kyle said: “This loan allows us to continue the strong growth we saw last year into 2019. We have a strong sales pipeline and this capital will help us to invest in bringing the right skills into our team earlier than we could have otherwise. We’re grateful to the teams at DSL and LESL for their support administering these funds".
Stuart Yuill, Executive Director from DSL Business Finance said: “VeryConnect is a fast growing Scottish company, with directors fully committed and passionate about its success. The loan will enable the company to continue its growth, improve its competitiveness, create new jobs and offer additional services to both new and existing customers.”
We’re looking forward to the year ahead!
The VeryConnect Team
Funding via the DSL is available at: www.digitaldevelopmentloan.org
More information on the Digital Growth Fund can be found here: www.gov.scot/news/increased-funding-for-digital-skills/
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