Foods Connected, a significant player in the food industry software sector, has unveiled plans for a transformative £1.7 million expansion initiative. This strategic move aims to bolster its market presence globally.
The company’s expansion will lead to the creation of 20 new jobs, facilitated by a £157,000 support from Invest NI. This development is integral to their goal of becoming a market leader in food management tools.
Aiming to solidify its footprint in the food services sector, Foods Connected’s expansion plan includes venturing into new international markets. This move is a core part of its strategy to enhance market share across the UK and Europe.
According to Gary Tyre, co-founder of the company, the expansion is part of a long-term growth strategy. “This investment helps us stay ahead of demand and tap into numerous growth opportunities,” he stated.
The expansion is anticipated to contribute significantly to the regional economy by generating over £800,000 annually in new salaries. This injection into the local economy underscores the company’s commitment to economic development.
With recruitment for these positions already underway, Foods Connected plans to fill the roles over the next two years. This recruitment drive is expected to attract talent to the City Factory base in Derry, where the company currently employs 19 staff.
The financial support from Invest Northern Ireland acts as a catalyst for Foods Connected’s ambitious plans.
Des Gartland, Invest Northern Ireland’s North West Regional Manager, expressed optimism about the company’s future. “I look forward to seeing it increase its market share in the food services sector,” he remarked.
Invest NI’s backing is crucial, providing not only financial support but also credibility to Foods Connected’s expansion strategy.
Foods Connected operates from its primary location in the City Factory, Derry, and maintains satellite offices in Belfast and Sydney.
These facilities support a dynamic workforce and facilitate its swift response to the ever-growing demand for food industry software tools.
The expansion project aligns with Foods Connected’s vision of positioning itself as a leader in the food management software sector.
The company’s strategic initiatives are designed to seize burgeoning opportunities within the industry, reinforcing their competitive edge.
To support its growth, Foods Connected is leveraging cutting-edge cloud-based solutions, enhancing its technological infrastructure.
Such advancements are crucial in meeting the sophisticated needs of the modern food service industry, ensuring efficient and reliable service delivery.
Foods Connected’s £1.7 million expansion signifies a bold step towards strengthening its market presence globally.
Through strategic investment and leveraging technological innovations, the company is poised to redefine food industry management tools, promising robust growth and significant economic contributions.
In summary, Foods Connected’s expansion reflects an ambitious and forward-thinking strategy that is set to reshape the landscape of the food software industry.
With substantial investment, innovative strategies, and strong economic impact, the company is on a promising trajectory towards establishing leadership in the international markets.