£200K Rosebud boost will help firm blossom

A RAPIDLY growing Lancaster-based digital highways asset management consultancy has received a £200,000 loan from Lancashire Rosebud Finance.

Gaist Holdings, which is based in InfoLab21 on the Lancaster University campus, will use Rosebud’s capital to expand its fleet of specialist vehicles and invest in cutting edge research and development, creating a further 15 jobs for the region.

Gaist was established following a management buyout of two separate businesses: Gaist Solutions Limited and Gaist Technologies Limited, in 2016.

The business has grown rapidly and now manages contracts across a range of public and private sector organisations, including the Department for Transport and local councils across the UK.  

Gaist has also been involved in several high-profile projects, including the co-ordination of planning and logistics for the first stage of the Tour de France, which took place in Yorkshire in 2014.

Managing director Steve Birdsall said: “It is always important for growing businesses to be able to access the finance they need to move up a gear.  We are very grateful to Lancashire Rosebud Finance for this business loan which will mean we can now put people and plans in place to meet the growing demand for our services, not only in this country but also overseas.”

Lancashire Rosebud Finance is a fund managed by Enterprise Ventures on behalf of Lancashire County Developments Limited (LCDL) – Lancashire County Council’s economic development company.

Peter Rooney, Investment Manager at Enterprise Ventures, said: “Gaist Holdings is the perfect example of the potential Lancashire businesses have to grow into profitable organisations that create jobs for the region.

“Under Steve’s strong management, Gaist has successfully established itself as a well-respected, professional business that provides high quality services to private and public organisations across the UK.”

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