Northumberland property firm announces five-figure investment following “buoyant” activity levels
A Northumberland property firm has announced a five-figure investment from the North East Small Loan Fund supported by The European Regional Development Fund.
EW Estates provides lettings and property management expertise for both residential and commercial properties, as well as a range of surveying services, and work with clients right across the North East.
The Ashington-headquartered firm was set up 18 months ago by managing director Emma Walker, who has already built a 14-strong team on the back of strong activity levels in the buoyant North East property market.
After working with regional fund management firm NEL Fund Managers to secure the £24k Small Loan Fund investment, EW Estates is now planning to create another five new jobs before the end of the year to ensure it can continue to manage current client demand and take advantage of future opportunities.
Emma Walker, founder, EW Estates, said: “The North East property market has remained robust right ever since I set up the business and we’ve been able to capitalise on the high level of demand for the services we provide right across the region.
“I hadn’t expected the business to grow anywhere near as quickly as it has, but the combination of the quality of our work and the strength of the regional property market has enabled us to get ahead of the growth curve and it makes sense to now look to do even more.
“Bringing more people onto the team will mean we can keep up with demand, complete work even more quickly and be fully resourced to take advantage of future opportunities that arise.
Emma concluded: “The support we got from the NEL team in fine-tuning our business plan was extremely useful, and helped to make bringing the investment into the business a smooth and stress-free process.”
Abigail Cook, investment associate at NEL Fund Managers, commented: “Emma and her team have made very impressive progress over the last 18 months and are now well-set to achieve even more.”
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