Auctus secure funding Barclays Midlands Growth Fund
Auctus Management Group Limited, one of the UK’s leading providers of infrastructure services, has been awarded £2.4 million from Barclays Midlands Growth Fund to boost the company’s growth strategy as it enters new markets within the Rail, Light Rail and Construction/Civils sectors.
The Group is well known within the industry for being at the forefront of technological innovations as well as developing bespoke solutions for clients that deliver increased levels of safety and productivity. These core principles have been the cornerstone of the Group since 2012, where the organisation grew organically through Auctus Training Solutions Limited and concluded that year with the acquisition of Rail Safety Solutions (RSS) Limited.
Oliver Dallaway, Relationship Director at Barclays said: “Auctus Management Group has seen significant growth since their inception in 2012 and I’m pleased they are the first company to benefit from the £370 million Midlands Growth Fund which we launched a few weeks ago which is aimed at boosting jobs and economic growth. This funding will support the business with the next phase of the strategic growth plan.”
RSS has already made substantial investment in procuring a diverse range of talented personnel across the sectors to ensure that it can continue to provide ground-breaking solutions. Through the support of Barclays, the company will be able to strengthen its current portfolio of services that include; Overhead Line Electrification, Vegetation Management, Road Rail Access Points and Level Crossings, Civils/Construction solutions, Safety Critical Resource Services, Magnetic Safety Barrier Fencing, Magnetic Points Boards, Signalling Services as well as being the UK’s sole provider of Track Warning Systems.
Auctus Training Solutions has a vision to be the industries preferred training provider. The additional funding will allow the company to achieve this vision by building upon its current catalogue of NSAR (Rail Specific), Health and Safety and Construction courses and focus on providing learner development both in the workplace and within the company’s dedicated training facility.
Through a combination of training, technology, and supplying clients with skilled, reliable and transient workforces, the Group has built an unrivalled reputation for quality and safety which led to the Group becoming a Midland Metro Alliance partner where it has been an integral part of both the design and development of the tram infrastructure.
Commenting on the funding, CEO Richard Toy said: “Over the next five years, the UK and infrastructure sectors will be facing a series of challenges. With Brexit and major projects, such as HS2 combined with a skills shortage, an aging workforce, a lack of diversity and resources being underutilised, means that companies that continue to remain stagnant will hamper the industry’s ability to meet the UK’s productivity targets. This commitment from Barclays means that Auctus Management Group will be able to improve productivity and drive innovation, which is needed to ensure that the sector is able to cope with the increased demand on the infrastructure.”