Regional investment fund pumps £150,000 into accountancy firm
Accountancy firm, Jackson Stapleton, has landed a £150,000 funding package through the Midlands Engine Investment Fund II via appointed fund manager East and South East Midlands, Maven Capital Partners.
Scunthorpe-based Jackson Stapleton Accountants was established in 2017. In 2021 it acquired a Lincoln-based office, previously known as Fawcett & Co.
The funding through the Midlands Engine Investment Fund II will enable continued, sustainable growth through further acquisition of a practice in Retford, to grow the company’s regional business footprint, and develop its client base.
The Midlands Engine Investment Fund II launched in February aims to support businesses across the Midlands region with equity and debt funding options to help businesses achieve their growth ambitions.
Mark Jackson-Stapleton, managing director at Jackson Stapleton, said: “In September 2024, we proudly acquired our third office in Retford, formerly known as Mill Accountancy.
“This acquisition marks another significant milestone in our journey, as we remain committed to surpassing past successes and setting new standards of excellence in accounting services.
“We believe that by continually investing in advanced technology and the ongoing development of our staff, we can offer more efficient and tailored services to meet the evolving needs of our clients.
“I would like to extend my sincere thanks to Richard and the Maven team for their excellent support in securing the necessary finance for this acquisition. Their expertise and dedication have been invaluable to our continued growth.”
Richard Altoft, investment director at Maven, said: “Maven are excited to be supporting Jackson Stapleton through the Midlands Engine Investment Fund II as it expands its business.
“The business has a highly experienced management team, capable of growing the business and taking its service offering to the next level. “
David Tindall, at British Business Bank, added: “It is great to see finance from the Midlands Engine Investment Fund II being used by Jackson Stapleton Accountants to build on its success and explore new opportunities for growth and expansion while creating a positive impact in the local economy in the Midlands.”
