Published: Nov 21, 2014
Focus:
Growth Capital
The Greater Manchester Loan Fund (GMLF) has made a successful exit from Camwatch, following the sale of the company to VPS, the vacant property security specialists.
Based in Oldham, Camwatch has over 10 years’ experience in developing security products. Over the last few years, Camwatch has developed an innovative CCTV solution that supports the security of construction and remote sites. In addition to this Camwatch’s locking bar is currently deployed in over 4,000 cash machines in the UK.
Funding was provided by the GMLF in 2013 to build a new remote monitoring centre in the Company’s head office in Oldham creating over new 40 jobs in the area.
Access to finance continues to be one of the key challenges facing SMEs in pursuing their business plans and maximising growth potential. However, in just over a year since it launched, GMLF funding has supported several businesses around Greater Manchester, enabling them to expand and create new employment opportunities in the local area.
