Purpose Media Secures Cash for Expansion

Regularly hitting the headlines for its surging growth, Bondholder Purpose Media has secured an £85,000 funding package by the D2N2 Local Enterprise Partnership (LEP) through its Unlocking Investment for Growth (UI4G) programme.

Purpose Media used the cash to buy a 2,200 sq ft office adjacent to its current premises at The Village Business Park, South Normanton. The new unit will house a production facility and is expected to create ten jobs.

Our need to accommodate an increasing number of specialist and support staff meant that we very quickly outgrew our current premises. Access to the grant has had a significant impact on our business - I am thrilled with how well everything is going
— Matt Wheatcroft, Managing Director at Purpose Media

The UI4G programme is financed by the Regional Growth Fund (RGF) and the European Regional Development Fund (ERDF).