A Telford-based software development company, Beta ONE Innovations has secured £5,000 funding from First Enterprise – Enterprise Loans under the British Business Bank’s Start Up Loans programme for product expansion.
Beta ONE Innovations develops software projects, beginning with Yourl, a swift and customer-friendly website hosting and design service. It is now looking to expand the product range to e-commerce stores, online platforms, and educational apps.
Coming from tech backgrounds, Co-Founders Thomas Watts and David Tomlinson were inspired to use their expertise to run their own business. Thomas’s experience in IT for over 10 years with roles ranging from software developer to project manager, combined with David’s experience as a website design manager for over five years, positions them for a successful journey ahead.
The funding from First Enterprise – Enterprise Loans will primarily be used to develop their new projects and reach a wider audience through advertising.
First Enterprise – Enterprise Loans provides government-backed business loans ranging from £500 – £250,000 for start-ups and SMEs that are unable to borrow from traditional high-street lenders. The not-for-profit organisation reinvests any surplus into loan funds to further support economic growth and job creation in the local communities.
Thomas Watts and David Tomlinson, Co-Founders of Beta ONE Innovations, comment: “The funding from First Enterprise – Enterprise Loans will be extremely helpful in the expansion of our software and services development. The team’s support was absolutely superb, with regular calls to track our application’s progress and frequent updates that made the process feel seamless.”
James Minott, Business Adviser at First Enterprise – Enterprise Loans, comments: “It’s been a pleasure working with Tom through his application journey as he made the process very easy with no faults from start to finish. I strongly believe Bate ONE innovation will be a great success and I am honoured to support the first steps towards this.”
Richard Bearman, Managing Director of Small Business Lending, British Business Bank commented: “It is fantastic to hear the process was seamless and that Thomas and David were provided with support to get their finance to help them further develop their business. We know a Start Up Loan can make a difference to helping start ups grow and business owners to achieve their entrepreneurial dreams. We wish them both every success as they expand Beta ONE Innovations.”