TDX Group, a market-leading provider of data and technology-driven debt solutions for businesses, is aiming to employ 70 additional staff at its Nottingham Head Office over the next two years, thanks to a £100,000 Nottingham Technology Grant Fund (N’Tech) grant.
TDX Group employs over 300 people in the UK and has a growing international presence in Australia, Spain, America and Latin America, with ambitious plans for entry into more geographies. The Nottingham Head Office, based on Fletcher Gate, provides data, technology and advisory solutions to the debt management industry. TDX Group is at the forefront of this sector due to continuous innovation in data enrichment and analytics.
The Nottingham Technology Grant Fund (N’Tech) has awarded TDX Group £100,000 funding to enable the team to support a number of projects focusing on changing and enhancing the way the debt industry uses information to improve returns for businesses and fair outcomes for consumers. This will support TDX Group’s global growth ambition, and in turn play a large hand in employing an additional 70 people in Nottingham.
This is the latest in a series of significant investments for businesses in Nottingham’s growing digital content market. Nottingham has a thriving data and analytical sector, specifically in finance and business services, employing over 75,000 people in the city, and contributing £4 billion to the local economy.
N’Tech grants are geared towards the growing life sciences, digital content and clean technology sectors and the fund is delivered by Nottingham City Council. The programme, launched in April 2013 has so far offered 66 grants to businesses in the Greater Nottingham area worth £7.6 million. There are a further 25 applications in the pipeline requesting £1.5 million. N’Tech closes to applications on 30 September 2014. So far 28 N’Tech offers have been made to businesses in the digital content sector totalling £3.4 million.
Launched in 2004, TDX has seen rapid growth from its Nottingham headquarters and in January 2014, Equifax, a global leader in information solutions, purchased TDX Group for £200 million.
Mark Sanders, CEO of TDX Group, commented: “TDX Group is delighted to have been awarded a grant from the Nottingham Technology Fund. Our business started here in Nottingham and we are passionate about continuing to grow here in the city and offering more employment opportunities within our local community. This grant will help us ensure Nottingham remains at the heart of our ambitious global growth plans.”
N’Tech is a core element of Nottingham City Council’s Nottingham Growth Plan delivered through its “Growing Nottingham” campaign – a blueprint for the city’s future business growth and one of the most ambitious strategies of the UK’s Core Cities. Measures introduced as part of the plan have played a key role in encouraging new business formation through various finance and support packages.
N’Tech grants are funded by the Government’s Regional Growth Fund (RGF). Nottingham City Council secured RGF from the Government for grants to help fast track development of businesses based in the city. The funding can provide grants of £20,000 to £1million per successful company to support growth and expansion.
Councillor Nick McDonald, Portfolio Holder for Jobs and Growth at the City Council, said: “Nottingham has real expertise in data analytics and this sector is an important employer here, so we’re delighted to be able to support TDX in their expansion. This grant will create more skilled jobs in Nottingham and helps the rapid growth of this fantastic company continue.”