Web Marketing backed for £300,000
SYIF makes it 500th investment in the web services company
Web Marketing Group has gained £300,000 of investment in order to open a new office and expand its operations.
The company has gained investment from the South Yorkshire Investment Fund (SYIF), which has now achieved the milestone of 500 deals. Web Marketing Group, founded in 2000, works with 800 businesses around the UK helping them to increase search traffic through link-building, as well as providing copy-writing and website design services. It will use the funding from SYIF to open a new regional base in South Yorkshire, adding to the sites it already has in Harrogate and Peterborough. A further investment of £200,000 will follow soon. “We wanted to expand the business and reach out to a new area of the country,” says Dennis Engel, founder and managing director of the company. “South Yorkshire was an excellent opportunity to enable us to achieve this. The region is a good place to invest in, with a highly skilled population and a large catchment area. It therefore filled our objectives as a company. “Gaining access to SYIF funding was also an attractive proposition to us and we will now look to use the money to bring in up to 20 new employees from within the local area to service the new office in South Yorkshire once it opens.” © Crimson Business Ltd. 2008