Food safety firm lands £500,000 investment

A Leicestershire-based food safety technology business has secured a £500,000 investment to scale-up operations and boost its ambitious growth plans.

Navitas Digital Safety, which operates out of Phoenix Park in Coalville, has secured the finance from The FSE Group Debt Finance Fund through the Midlands Engine Investment Fund (MEIF).

The firm is set to use the funding to invest in the development of the first-of-its-kind safety platform, which will be a single destination for food safety. The platform will allow hospitality businesses to manage their entire safety operations, all in one place.

Ben Gardner, CEO of Navitas, said: “Every food service business knows and understands the importance of health and safety. I am passionate about making the complex world of food safety legislation as simple and cost effective as possible. Our aim is to become the leading ‘one-stop’ food health and safety consultancy, compliance, training and digital safety management company within the food hospitality sector.

“Having successfully secured the funding, we can confidently grow our business to the next level to achieve this.”

Paul Lynam, fund manager at The FSE Group, which manages the MEIF Debt Finance Fund added:
“We are proud to have supported Navitas with their expansion plans. The job creation will have a positive impact on the local economy and further strengthen the future of the business. Through the Midlands Engine Investment Fund, The FSE Group are committed to providing finance for innovative Midlands based businesses with the potential to grow.”

Lewis Stringer, senior manager at the British Business Bank said: “The MEIF fund managers work closely with one another across the Midlands to help businesses in the region access the finance they need to develop and grow. This latest investment into Navitas builds on the earlier debt and equity finance provided by MEIF and demonstrates the various finance options available through the fund. We’d encourage other businesses across Leicestershire and the whole region to consider these options.”

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