Electrical training company, Trade Skills 4U, has announced that it has won investment from a fund set up to specifically target companies who can make a positive social and environmental impact.
Palatine Private Equity set up the impact fund as a vehicle to assist the growth of companies that can make a positive difference whilst providing return on investment. The company were attracted to Trade Skills 4U due to its involvement in helping people retrain or upskill in the growing electrical and renewable energy industries.
Customers are assured that they will continue to see the same high standards of customer service delivered by the existing management team. However, the investment from Palatine’s Impact Fund will enable Trade Skills 4U to further improve its offering, in particular by opening further centres across the UK.
Carl Bennett, Executive Chairman of Trade Skills 4U, said: “Trade Skills 4U provides exceptional training for adults who are looking to develop their skills in an environment tailored to their needs. The business has grown recently with the opening of a new centre in Warrington in 2016, and with Palatine’s support we are looking forward to increasing our presence across the country and increasing our social impact. Palatine have an exceptional track record of supporting companies like Trade Skills 4U with their expansion plans.”
The investment was led by Partners Beth Houghton and Zoe Clements, with support from Matthew Coles, Investment Manager.
Beth Houghton, Head of Impact Fund at Palatine Private Equity, said: “We are delighted to support the management team of Trade Skills 4U with their exciting and impactful expansion plans, and look forward to working with them to build on their success to date and explore a number of growth opportunities.
“Trade Skills 4U typifies the type of company that we are looking to invest in through our new Impact Fund. Namely a growing business with a strong and passionate management team, that looks to make a positive and meaningful social impact.”