A leading cloud services provider, Novosco, has unveiled a substantial £20 million expansion strategy poised to create nearly 150 new jobs. The ambitious project reflects the company’s commitment to enhancing its capabilities and strengthening its presence in the market. This expansion is set to be a game-changer, leveraging strategic partnerships and significant contracts to fuel growth.
Strategic Job Creation
Novosco’s expansion plans include the creation of nearly 150 jobs, signalling a major boost to local employment. The roles span various fields such as IT infrastructure, service delivery, project management, cloud expertise, and cybersecurity. This diverse range of positions underscores the company’s comprehensive approach to expanding its workforce, ensuring a balanced and skilled team to support its growth trajectory.
Investment and Funding
The expansion is spearheaded by significant financial backing, with Invest Northern Ireland contributing over £1.2 million towards the creation of 114 new jobs. This support is critical for Novosco, enabling the company to secure the expertise needed for its growth.
Furthermore, Danske Bank is playing a pivotal role by providing the necessary capital investment. This financial partnership underscores the confidence stakeholders have in Novosco’s strategic direction and growth potential.
Impact of Major Contracts
A cornerstone of Novosco’s expansion is its new contract with Cambridge University Hospitals NHS Foundation Trust. The £107 million agreement over seven years is set to significantly broaden Novosco’s operations in England.
According to Patrick McAliskey, Novosco’s managing director, the contract with CUH will expedite the company’s entry into the English market and necessitate the expansion of its Belfast headquarters. This pivotal development leverages Novosco’s expertise in IT infrastructure and cloud services.
Expanding Presence in England
As part of the expansion, Novosco plans to recruit 32 new employees in England. These new positions will be based primarily in the company’s Daresbury office near Manchester and onsite with major customers.
This expansion into England, supported by a robust infrastructure in Belfast, is designed to maximise the operational reach and client engagement within the UK. It reflects Novosco’s strategic foresight in tapping into broader markets.
Comprehensive Client Portfolio
Novosco’s clientele includes major housing associations, universities, and even two Premier League football teams. This diverse client base highlights the company’s versatility and capacity to cater to different sectors.
The ongoing expansion aims to bolster these relationships and expand the client base further, enhancing Novosco’s position as a leader in the cloud services domain. Such strategic diversification is key to sustaining long-term growth.
Rationale Behind Workforce Expansion
The planned growth in employee numbers is integral to Novosco’s business strategy. Expanding the workforce aligns with the company’s commitment to innovation and excellence in service delivery.
Invest NI’s support is pivotal in this regard, as it ensures that Novosco has access to the skilled resources necessary to drive its strategic objectives forward. This focus on talent acquisition is deemed crucial for maintaining competitive advantage.
Future Outlook
Novosco’s expansion reflects a clear vision for the future. Through significant investment and strategic partnerships, the company is well-positioned to enhance its service offerings and market presence.
The commitment to robust growth and expansion is indicative of Novosco’s confidence in its business model and the broader cloud services market.
Novosco’s £20 million expansion plan is a strategic move to fortify its market position and drive significant growth. With an emphasis on job creation and strategic partnerships, the company is poised to make a substantial impact in the cloud services industry, strengthening its capabilities and expanding its presence across the UK.