Business and Innovation Projects. News - 26 October 2020

Nottingham tech firm secures funding to improve remote workers’ productivity

A Nottinghamshire-based technology company responsible for developing laptop monitors to help businesses increase the productivity of staff working remotely has secured a £250,000 investment.

Dovetail Technology received the funding from First Enterprise through the Midlands Engine Investment Fund (MEIF) and the Community Investment Enterprise Facility (CEIF) backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

The funding will allow the business to grow its operations and support fulfilment of orders across the UK and North America before expanding sales across Europe, Asia, Australia and South America.

The company was founded by Matthew Relf who designed and developed Packed Pixels in 2015 – a durable, lightweight and portable laptop monitor to provide users with all the benefits of working on two monitors that they’d experience in the office.

Following the success of the first generation of Packed Pixels monitors, Dovetail Technology has since launched two new models – Packed Pixels Go and Packed Pixels 4K.

Matthew, founder and CEO of Dovetail Technology Ltd, said: “The idea for the portable laptop monitor came to me through frustration. I often found myself irritated when out on the road with a single laptop screen to work on.”

“After a long journey of design, development, testing, and continuously making improvements, I’ve learned so much and I am excited to bring the latest Packed Pixels monitors – Go and 4K – to the market. I firmly believe the latest models are game-changing products for remote workers that need the benefit of multiple monitors. The funding from First Enterprise, Enterprise Loans and MEIF has been fundamental in making this journey happen.”

Sajeeda Rose, Chief Executive of D2N2, said: “SME growth will be the bedrock upon which our economic recovery from Coronavirus will be based.”

“I’m delighted to see the Midlands Engine Investment Fund supporting innovative and ambitious businesses within our region, producing products that help our region adapt to a working world with a new remote-orientated approach.”

Midlands Engine Investment Fund

First Enterprise – Enterprise Loans provide government-backed finance to businesses across the East and South East Midlands with lending starting from £3,000 to £250,000.

Since 2011, they have lent £35.3m to over 1,780 businesses, helping over new 1,120 start-up companies and 660 business expansions.

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS).

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

The Community Investment Enterprise Facility (CIEF) was established by Big Society Capital and is managed by Social Investment Scotland (SIS).

The fund is here to support viable small businesses throughout the coronavirus crisis.

Loans through CDFIs, such as First Enterprise are accredited for the government’s Coronavirus Business Interruption Loan Scheme.

Keep up to date with all the latest news from D2N2 by signing up to our Newsletter.

Latest News & Events

19 July 2024

Local business support boosted with launch of Early Stage Angel Investment Fund

Read Article

21 June 2024

Spotlight on our Board: Scott Knowles, Chief Executive, East Midlands Chamber, on the D2N2 LEP transition and East Midlands devolution

Read Article

11 June 2024

The D2N2 LEP staff team joins the East Midlands Combined County Authority (EMCCA)

Read Article

07 June 2024

Becky Rix, Marketing Director at Roadgas, explains why Roadgas is a proud member of the East Midlands Hydrogen Consortium

Read Article

05 June 2024

Spotlight on our Board: D2N2 LEP Board Member Natasha Johnson, Director of Partnerships at Global Entrepreneurs UK

Read Article

05 June 2024

Free Expert Business Advice and Support available through East Midlands Chamber’s Accelerator Programme

Read Article

03 June 2024

Spotlight on our Board: D2N2 LEP Board Member Professor Edward Peck CBE, Vice-Chancellor and President, Nottingham Trent University

Read Article

24 May 2024

Focus on the East Midlands: our time is NOW!

Read Article

24 May 2024

D2N2 LEP CEO, Will Morlidge, shares our East Midlands Hydrogen ambitions at UKREiiF

Read Article

24 May 2024

East Midlands Freeport and Freeport East Sign Green Freight Corridor Initiative at UKREiiF

Read Article

Get in touch.

Subscribe to our newsletter

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners