Ambitious property firm moves into Black Country

Published
07/01/2015 by

An ambitious property maintenance business has moved into the Black Country, creating dozens of employment opportunities and safeguarding jobs across the company following a funding boost from UK Steel Enterprise.

An ambitious property maintenance business has moved into the Black Country, creating dozens of employment opportunities and safeguarding jobs across the company following a funding boost from UK Steel Enterprise.

Nationwide Property Assistance (NPA) has received a loan for £50,000 from UK Steel Enterprise, a subsidiary of Tata Steel, to increase job opportunities following a recent management buy-out.

NPA, provides an out of hours emergency maintenance service to property builders and housing associations from its call centre in Oldbury, West Midlands.

The financial support is the latest loan to be announced by UK Steel Enterprise which has helped over 6,000 organisations to-date in Steel regions across the country and is committed to investing in expanding businesses which can create sustainable jobs.

The company recently launched a new Equity Growth Fund to provide up to £1m of finance to rapidly growing businesses.

For NPA the funding is expected to create more than 30 jobs, including a number of senior positions, in the Black Country.

Nick Haycock, managing director at NPA, said: “The funding secured through UK Steel Enterprise will help towards fulfilling our expansion requirements and will enable us to further establish ourselves as a leading provider of service excellence in the property maintenance sector. We were impressed with the proficient approach we received from UK Steel Enterprise and the efficient delivery of the funds.”

Allan Wood, UK Steel Enterprise regional executive, said: “We recognised a strong potential for growth in Nationwide Property Assistance and that with some additional funding the firm would be able to create sustainable jobs throughout the region.

“We invest in companies across former UK steel regions to support their ambitions and help deliver sustainable employment; Nationwide Property Assistance is already a huge success story, but has the ambition to prosper and grow, becoming a leading force in the property maintenance arena.”

Last month UK Steel Enterprise announced that it had launched a new £6m scheme dedicated to supporting businesses committed to expansion and sustainable employment within England’s steel regions. The newly launched Equity Growth Fund has been backed by the government’s Regional Growth Fund (RGF).

UK Steel Enterprise s a wholly owned subsidiary of Tata Steel. Its aim is to help the economic development of those areas of the UK most affected by changes in the steel industry. UK Steel Enterprise provides equity and loan finance to growing companies based in such areas, as well as business premises at its Business & Innovation Centres. The company also provides support to local communities in times of change in the industry. See www.uksteelenterprise.co.uk