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21

Aug 2021

Last Updated: 21/08/2021
Business
Business

Harrogate electronics firm receives £600,000 Northern Powerhouse loan

by Thomas Barrett

| 21 Aug, 2021
Comment

0

Intelligent Servers Ltd, which is based at Hornbeam Park, says the loan will help the company increase its stock, expand its warehouse and increase staff numbers.

screenshot-2021-08-21-at-13-21-24

A Harrogate firm that refurbishes computer equipment has received a government-backed loan worth £600,000 from the Northern Powerhouse Investment Fund.

Intelligent Servers Ltd, which is based at Hornbeam Park and employs 50 people, says the loan will help the company increase its stock, expand its warehouse and employ 23 more staff members.

Since the company was founded in 2011 it has delivered refurbished products to over 3,000 customers including Manchester United FC.



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The loan was provided through FW Capital Debt Finance.

Its assistant investment executive Alex Brown said:

"We are delighted to back Intelligent Servers, a business with a great track record of growth and a proven management team.
"Our investment will assist Intelligent Servers in achieving their growth strategy through maintaining higher stock levels and improving purchasing power. Best of all, this growth strategy will support significant job creation."