School Lettings Solutions (SLS), an outsourced lettings management service that hires out school, and college facilities to local community clubs and organisations, has just received a £440,000 investment from the Greater Manchester Loan Fund (GMLF).
The money will be used will support SLS’s continued expansion into new schools across the UK, enable the business to meet the demand of its sales pipeline and develop a proprietary facilities booking system. It will safeguard around 55 jobs, with some 20 roles to be created over the next two years.
SLS was founded in 2012 by directors Scott Warrington and Paul Andrews. It manages the process that enables schools and colleges to generate income from hiring out facilities such as sports halls, playing fields and swimming pools to communities.
GMLF, which is managed by Maven Capital Partners (‘Maven’), was established to provide flexible finance solutions to businesses throughout the region to support their growth while safeguarding and creating jobs.
Investment Manager at Maven Alex Rothwell said: “We are thrilled the GMLF loan for SLS will not only safeguard local jobs but will create additional roles over the next two years. SLS is led by experienced, talented and driven individuals who we are confident will take the business forward and broaden its footprint nationwide benefitting the local communities in which it operates. It is an attractive investment proposition and the development of the bespoke software will enable the firm to continue to grow and reinforce its position as a market leader.”
Warrington said: “The time and effort required for schools to manage the letting of their facilities to community and sports groups is often something they do not possess which means they are potentially missing out on valuable additional income streams and community groups are unable to benefit from their facilities. We are delighted for the support from the GMLF – the loan will enable us to secure and create additional jobs at the firm, fulfil our strong sales pipeline and make an important investment in the development of our proprietary software for the benefit of all our customers and users.”
(picture shows SLS’s Paul Andrews, right, and Scott Warrington)
