Social media marketing is a dynamic and rapidly evolving industry. In this competitive field, securing significant investment can serve as a powerful catalyst for growth and expansion. A Manchester-based social media agency recently achieved this feat, marking a pivotal moment in its journey.
Significant Boost from Northern Powerhouse Investment Fund
Engage Hub, a Manchester-based social media marketing agency, has recently secured a £100,000 investment from the Northern Powerhouse Investment Fund (NPIF). This vital injection of funds is part of NPIF’s broader initiative, which has now surpassed its £10 million funding milestone. This milestone illustrates the fund’s continued commitment to supporting the growth and innovation of Northern businesses.
Strategic Expansion Plans Unveiled
The funding will facilitate significant expansion for Engage Hub. The company plans to enhance its team, thereby creating new employment opportunities. “With this investment, we will fast track our growth and productivity,” said Ray Sherlock, one of the agency’s founders.
Engage Hub’s strategic plans involve moving to larger premises and launching a disruptive marketing campaign tailored for the leisure, lifestyle, and hospitality sectors. This vision underscores the agency’s ambition to establish itself as a leading social influence agency on a global scale.
The Broader Impact on Northern Economy
The Northern Powerhouse Investment Fund’s contribution extends beyond individual businesses. Jake Berry, Northern Powerhouse Minister, highlighted the fund’s role in boosting the Northern economy. “It’s fantastic to see the NPIF already providing £10 million to support Northern businesses,” he remarked.
Berry emphasised that the collaboration between the government and local businesses is pivotal in attracting further investment to the region. This partnership is a significant component of the broader strategy to stimulate economic growth in the North.
The initiative is shaping the future of the region by fostering an environment conducive to entrepreneurial success and innovation.
Regional Support and Recognition
Greater Manchester Mayor Andy Burnham praised the NPIF’s efforts in supporting local entrepreneurs. “The Northern Powerhouse Investment Fund is crucial for rebalancing our country’s economy,” he noted.
The unveiling of new innovative businesses at recent events reflects the potential of the region, showcasing the diverse opportunities available and the entrepreneurial spirit flourishing across Manchester and the North.
The Role of British Business Bank
Keith Morgan, CEO of the British Business Bank, views the Northern Powerhouse Investment Fund as crucial for tapping the North’s growth potential.
The fund not only supports regional development but also strengthens the national economy. Morgan lauds the fund’s rapid progression, marking its achievements since its inception as remarkable. “Passing this £10m funding milestone is a fantastic achievement for the fund,” he stated.
These efforts further illustrate the North’s contribution as a vibrant centre for innovation and economic activity.
Future Prospects for Engage Hub
With this infusion of capital, Engage Hub is well-positioned to amplify its market presence.
The agency’s focus on innovative marketing strategies and expanding into new sectors underscores its commitment to playing a transformative role within the social media space.
A Historic Milestone
The achievement of securing £100,000 is not just a financial milestone. It’s a testament to Engage Hub’s potential and the confidence investors have in its future trajectory.
This £100,000 funding marks a significant chapter in Engage Hub’s growth story. With the Northern Powerhouse Investment Fund’s backing, the agency is poised for expansion and increased influence in the social media marketing sphere.