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4th September 2018

Six-figure NPIF investment helps firm double headcount


Northern Powerhouse Investment FundNPIF - Maven Equity FinanceGreater Manchester LEP

Manchester-based social media marketing agency, Engage Hub, has more than doubled its headcount 12 months after receiving a £100,000 investment from NPIF – Maven Equity Finance, part of the Northern Powerhouse Investment Fund.

Established in 2016, Engage Hub creates and manages social media campaigns using the latest technology and smart software. The firm also works with a list of social media influencers, who help brands place their products and services in front of millions of social media users.

Engage Hub has worked with a number of well-known brands, including the likes of Bud Light, BlanX and Betfred. More recently, the firm supported Australis, one of Australia’s largest cosmetic companies, as it looked to build its brand awareness in the UK.

The investment provided by NPIF – Maven Equity Finance has allowed Engage Hub to more than double its headcount, which has grown from five to 13 in the last year. This impressive growth has helped the firm make the final shortlist for two titles at the prestigious UK Agency Awards, as well as the ‘Team of the Year’ category at the Nat West Entrepreneur Awards.

Engage Hub’s impressive growth has no signs of slowing down, with an additional five new roles before Spring in its Manchester head office, the agency has already started looking for talent ahead of its London launch later this year. Already working across a portfolio of London based clients, the agency see this as an opportunity to scale up and create further roles within the business.

James Darlington, Investment Manager at Maven Capital Partners: “We are delighted to see the growth Engage Hub have achieved on the back of our investment. We want to transform the Northern economy by backing businesses such as Engage Hub and it is great to see entrepreneurial companies succeeding with our support. Whilst we have provided a platform for Engage Hub to build upon I must commend Ray Sherlock and his team for all their skills, expertise and efforts in achieving their predicted targets to date. Both Ray and his team have work tirelessly in the 12 months since our investment and this is corroborated in their financials, team growth and awards they have won this year. We are proud to be a part of the Engage Hub journey and are excited to see what the future holds for Engage Hub.”

Ray Sherlock, Director at Engage Hub, said: “Engage Hub are in a great place right now, in many ways. Securing our position in the creative agency landscape has been hard fought and we are delighted with where we are and where we plan to be. Major new client wins is testament to the strength of our fantastic team and the ability to create new roles within the agency is enabling us to grow and develop.”

Grant Peggie, Director at British Business Bank, said: “The progression shown by Engage Hub since the investment exemplifies the work that NPIF aims to do. We exist to support northern businesses as they look to grow, create jobs and innovate in their industries. It is encouraging to see that the funding is being used wisely, and has had such a significant impact in the 12 months since we backed Engage Hub. I’m confident the business will continue to perform strongly, especially now with the bolstered headcount.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Maven Capital Partners UK LLP is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 495929

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