Broadcasting company focused on further growth with funding boost

Televideo’s managing director Paul Scivill, centre, with Ken Cooper of the British Business Bank, left, and Pete Sorsby of Enterprise Ventures

A Sheffield-based outside broadcasting company, one of the UK’s leading suppliers of sports programming, has secured a £150,000 loan to boost its growth plans.

Televideo will use the funding from from NPIF – Enterprise Ventures Debt Finance, which is part of the Northern Powerhouse Investment Fund, to invest in equipment and upgrade an additional outside broadcast unit to use 4K or Ultra HD – the new high definition TV technology.

Established more than 40 years ago, Televideo produces hundreds of hours of original content each year for broadcasters including the BBC, Channel 4, Sky Sports, BT Sport and Premier Sports.

It also acts as host broadcaster on a range of major stand-alone events such as the European Aquatic Championships, the Rugby League World Cup and the ICC Women’s World Cup.

The company employs 59 staff at its headquarters in Sheffield and its office in Whitburn in Scotland, and plans to create a further five jobs over the next 12 months.

Televideo operates a fleet of 10 outside broadcast units of varying sizes and specifications.

Peter Sorsby, investment manager at Enterprise Ventures, part of Mercia Technologies, said: “Televideo is one of the UK’s largest and longest established outside broadcasters and is highly respected in its field. With technology continually changing in the TV and entertainment sector, it needs to invest in regular equipment upgrades to maintain its position as an industry leader.

“This funding will allow it to meet the growing demand for outside broadcasts using the very latest high-definition technology.”

Ken Cooper, managing director at British Business Bank, said: “We are delighted that the Northern Powerhouse Investment Fund has provided Televideo with the investment needed to maintain their position in the industry.”

 

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