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February 9, 2023
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Finance

Doncaster’s 8point8 secures

8point8, a Doncaster company which installs telephone masts, has secured 500,000 in funding via NPIF-Mercia Debt Finance (portion of the Northern Powerhouse Investment Fund).

The funds shall be useful to fulfil an important new contract while in the Netherlands in addition to create ten new jobs.

The company erects towers as well as other structures for sectors between electrical power to rail and civil engineering. It counts BBC World Services, Nokia and Ericsson amongst its clients.

Finance Director Keith Summerill said: “Training is the vital thing to 8point8’s success. The corporation possesses his own training school to ensure all staff achieve the highest amount of expertise and safety, and tasks are performed to the biggest standard.

“We will also be now putting the ultimate touches for the industry’s only Apprenticeship Scheme qualification.”

Peter Sorsby, Investment Manager with Mercia Fund Managers (who manages the fund), said: “The funding will provide additional capital to permit it to get additional staff and take care of the project.”

Grant Peggie, Director of Sheffield’s British Business Bank, said: “The Northern Powerhouse Investment Fund is willing to provide funding to 8point8 Support while it looks to strengthen its business.

“It is positive to view new jobs being created as well as the clients are in a position to secure more substantial projects caused by this new investment at britain and Europe.”

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