A Preston company has secured £250,000 to help create six new jobs and boost their research and development.
DNA Agile, the Preston-based company which helps advanced manufacturers to develop and improve performance within the supply chain got the loan from Lancashire’s Rosebud Finance as it gears up for further growth.
The finance will allow founders Mark Hughes and Phil Jones to invest in further research and development, creating six new jobs over the next four years.
Mr Hughes and Mr Jones, who are former senior managers at Airbus, founded the business in 2007 as a supply chain consultancy and went on to acquire software specialists Aventa and Redthorn in 2012. Since then their client base has grown steadily. DNA Agile now supports more than 250 companies and has expertise across a wide range of business sectors, with a particular focus on aerospace. It has forged a strong partnership with Manitoba Aerospace in Canada, in addition to ongoing collaboration with the University of Liverpool.
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 – the county council’s economic development company.
County Coun Niki Penney, chair of LCDL, said: “We’re pleased that Rosebud has been able to provide DNA Agile with the finance they need to grow their core business through new research and development.
“We’ve identified advanced manufacturing as a key high growth sector. DNA Agile helps companies in this sector to develop and improve their supply chain, which will in turn benefit those companies.”