Headquartered in Chester, ITS is using this fresh equity injection to continue to commercialise and grow its full fibre footprint. Investments will be made in new networks and expansion of the major networks in Bristol, Hereford, London, Nottingham and Tameside.<\/p>\n\n\n\n
\u201cAs a long term investor, our continued support of ITS is a reflection of the confidence we have in its management team, business model and approach. We are excited to be part of the company\u2019s next phase of growth while in the safe hands of Daren Baythorpe and his senior management team.\u201d<\/p>Ryan Bevington, Investment Director, Maven<\/cite><\/blockquote>\n\n\n\n
\u201cSince taking the reins of ITS, my focus has been on making the business more sustainable and getting us into great shape to continue our rollout of ultrafast digital infrastructure at pace. Maven\u2019s continued support both validates and underpins our approach to support the government\u2019s and Ofcom\u2019s full fibre vision. I am delighted to have reinforced our long term partnership.\u201d<\/p>Daren Baythorpe, ITS\u2019 CEO<\/cite><\/blockquote>\n\n\n\n
\u201cThe provision of regional funding streams is vital for ambitious innovative companies that are looking to grow. We are pleased to participate in this latest funding in ITS, which will help to support the company as it targets new networks. We are proud that NPIF continues to support fast growing businesses across the North.\u201d<\/p>Grant Peggie, Director at British Business Bank<\/cite><\/blockquote>\n\n\n\n
ITS\u2019 focus will remain on its successful \u2018dig once\u2019 approach, working with local authorities and landowners to reuse infrastructure to reduce the costs and accelerate the time to build new full fibre networks.<\/p>\n\n\n\n
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"
ITS Technology Group (ITS) has secured further investment from funds managed by Maven Capital Partners to support the growth of its full fibre digital infrastructure in metro and rural areas. This latest round includes finance from the Northern Powerhouse Investment Fund (NPIF), Maven Venture Capital Trusts (VCTs) and other private shareholders. Headquartered in Chester, ITS […]<\/p>\n","protected":false},"author":14,"featured_media":774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/posts\/772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/comments?post=772"}],"version-history":[{"count":0,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/posts\/772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/media\/774"}],"wp:attachment":[{"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/media?parent=772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/categories?post=772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itstechnologygroup.com\/wp-json\/wp\/v2\/tags?post=772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}