AN innovative Coventry company pushing the boundaries of learning technology, design and development has invested a six-figure sum in a major expansion in the city centre.
eLearning Studios has purchased 10,500 sq ftoffices off Far Gosford Street and is utilising the additional capacity to create new jobs across the business.
The company specialises in e-learning, which utilises gaming, virtual reality and augmented reality and works with major organisations across the UK.
The firm was previously based at Coventry University’s TechnoPark and has become the first business in Coventry and Warwickshire to benefit from an investment grant under the new Business Support Programme funded through the European Regional Development Fund (ERDF).
eLearning Studios was awarded a grant following its application and was supported by Coventry and Warwickshire Local Enterprise Partnership (CWLEP), the Coventry and Warwickshire LEP Growth Hub and Coventry City Council.
Nitin Thakrar, managing director at eLearning Studios, said the move would enable the firm to vastly grow its services.
“Over the last three years we’ve invested a lot of time and effort in growing our virtual technology and bespoke training simulations,” he said.
“We’d outgrown our previous base and had a reached a tipping point, so the opportunity to purchase the new offices with support of the Investment Fund grant came at the perfect time for us.
“We’ve now got dedicated meetings rooms, a workshop area, and crucially further room for expansion.”
The Business Support Programme is open to small and medium sized enterprises (SMEs) with fewer than 250 employees, and depending on the value of investments, businesses can qualify for grants between £1,000 and £50,000.
Cllr Jim O’Boyle, CWLEP board member and Coventry City Council cabinet member for jobs and regeneration, added: “It is fantastic to see businesses in the city that are keen to grow and take on more people.
“eLearning Studios is a very forward thinking business which has big plans to continue to expand and we’re pleased the European funding we have secured has helped the company make this move.”