Jobs on the way as Notts businesses land Midlands Engine money

Two Nottinghamshire businesses are set to create jobs after landing funding from the Midlands Engine Investment Fund (MEIF).

Optimise Accountants and Renato Software say they will be investing in their product ranges and hiring at least 16 people.

The MEIF has provided two debt packages totaling £410,000 to the firms.

Jonathan Lowe, director at Maven said: “Maven is thrilled to be supporting two local companies to help them execute their growth plans. Optimise is a well-regarded local professional services firm providing accountancy services, that is well placed to capitalise on the growing demand for business advice as company structures become more complicated, and which has proven that investing into marketing and staff can have a positive impact on turnover and profitability.

“Renato has created a phenomenal software product for schools and educational establishments, which goes beyond the usual confines of local network-based systems, and is robust, flexible and reliable enough for all network and classroom management needs. Our Midlands team looks forward to working with both businesses to support their next phase of development.”

Lewis Stringer, senior manager at British Business Bank, said: “Providing SMEs with the finance needed to fulfil their ambitions is what the Midlands Engine Investment Fund was created to achieve. Both Optimise Accountants and Renato Software prove Nottinghamshire is a hotbed of aspirational businesses, with access to finance in the region key to the next steps in their journey.”