A fast-growing cloud and IT business is set to create 20 new jobs after securing a £367,000 investment from Lancashire County Council’s Rosebud Finance.
Denwa, which currently employs over 30 people in Barrowford, expects to double its turnover in the year ahead. The award-winning company provides telecoms, broadband and cloud-based IT solutions to businesses nationwide, with recent client wins including ALDI and Simon Jersey.
It will help enormously with our expansion plans to grow the team and develop the businessRob Scott, Denwa CEO
The company, which is named after the Japanese word for telephone, was established in 2006 by Burnley businessman and CEO Rob Scott, who had previously worked in the telecoms industry in Japan. Denwa has received two previous rounds of Rosebud funding.
Peter Rooney of Enterprise Ventures, which manages Rosebud, said: “Denwa is a high-growth business driven by a young and dynamic entrepreneur.
“However businesses like this need access to finance to support their expansion and are often unable to get the funds they need from conventional sources. This case shows how Rosebud is playing an important role in supporting business growth and job creation.”
Denwa has established its own training academy to develop the skills and knowledge of its local recruits, and as part of its recruitment drive it is looking to enrol more young people on its Sales Fast Track programme to produce top class Sales Executives.
The first phase of recruitment is already underway with the creation of 10 new positions across its sales and service departments.
Rob Scott, Denwa CEO, said: “We are delighted to be awarded another round of Rosebud funding. It will help enormously with our expansion plans to grow the team and develop the business, and it’s a great compliment that we have funders wanting to invest in the future of Denwa.”
Rosebud is a finance package supporting Lancashire firms to grow and expand their business. It is managed by Enterprise Ventures on behalf of Lancashire County Developments Ltd (LCDL) - the county council’s economic development company.
County councillor Niki Penney, chair of LCDL, said: “This is a significant investment by Rosebud that will directly create new jobs, which is great news.