IT firm set to create new jobs with £125k Rosebud backing

James Dewhurst, Matthew Metcalfe, Peter Rooney

IT firm set to create new jobs with £125k Rosebud backing

A Burnley-based IT solutions business has secured a £125,000 loan from Lancashire Rosebud Finance to support its further growth.

Holker IT, which currently employs 16 people, is planning to create another ten jobs in the next three years. The business provides IT support services, telecoms systems and printers to clients throughout the North West.

Recently, Holker IT, which was established eight years ago in Colne, has been expanding steadily and has recently moved into larger premises in Burnley.

The firm is now on target to grow turnover by 20% in the current year and expects to achieve similar growth in the following years. The company, which also has a satellite office in Preston, is led by directors Matthew Metcalfe and James Dewhurst.

Lancashire Rosebud Finance - which provides growth funding for businesses in the county – is managed by Mercia Fund Managers on behalf of Lancashire County Developments Limited (LCDL), Lancashire County Council’s economic development company.

Peter Rooney, investment manager at Mercia Fund Managers, said: “Holker IT is seeing a growing demand for IT support from small firms in the region. The company has a reputation for its fast and responsive service and is continually investing in staff and skills. The directors are continuing to expand their services in cyber security and business technology consultancy. This funding will allow them to build the team and pursue their growth strategy.”

County Councillor Michael Green, cabinet member for economic development, environment and planning, said: "It is pleasing to see another Lancashire firm performing well. They have engaged with Lancashire's Rosebud finance to assist them to take the business to the next level. They are investing in their staff in terms of training and are looking to grow the business by expanding their service offer."