‘Hugely exciting’ tech manufacturer Tactus to create 25 jobs with £300k investment

Technology manufacturer Tactus Group is preparing to take on new employees after securing six-figure funding.

The £300k boost, provided by the Greater Manchester Loan Fund (GMLF), will enable the company to expand its product range and further penetrate the hi-tech consumer electronics sector by acquiring a new lease for a site in Salford.

Tactus said the facility will create around 10 new jobs immediately, with the potential for between 10 and 15 more over the next three years.

The firm was established in 2012 by its CEO, Scott Brenchley. Historically Tactus supplied phone cases, headphones and other mobile and tablet accessories through a wholesale supply service to retailers such as Amazon, Argos, John Lewis, QVC and Selfridges.

The company has more recently expanded its range to include increasingly sophisticated tech-based products, including its own Windows 10 tablet and keyboard, the iOTA, and virtual reality equipment.

Tactus is now an accredited original equipment manufacturer (OEM) with Microsoft.

Alex Rothwell, investment manager at Maven Capital Partners, which manages the GMLF, said: “Tactus is a hugely exciting business positioned at the very cutting edge of consumer technology.

“Through the GMLF loan, which will support the opening of the new warehouse, we are delighted to be supporting Tactus’ growth and the creation of new jobs in the Greater Manchester area.”

He continued: “In this highly competitive and fast evolving technology market place companies must continue to develop innovative, valuable products to engage consumers and the highly experienced Tactus management team has consistently and successfully brought these products to market.”

Tactus Group CEO Scott Brenchley commented: “Working with Alex and the team has been a great experience and the board at Tactus are extremely excited to welcome Maven as a new partner.

“This injection of funds puts Tactus in a much stronger position to execute our opportunities and growth plans.”

The GMLF was launched in August 2013 by the Greater Manchester Combined Authority and invests between £100k and £750k in the region’s SMEs.

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