County Durham recruitment agency doubles in size after £30k investment

A County Durham recruitment agency has announced that it has doubled the size of its offices after receiving a £30k investment.

Elvet Recruitment, which launched in January this year, worked with regional fund management firm NEL Fund Managers to secure £30k through the North East Small Loan Fund.

As a result of the funding, the business has doubled the size of its city offices and has taken on its first employee and is aiming to create a further five jobs over the next year and a half.

Stephen Phillips, co-founder of Elvet, commented: “The construction sector has come out of the pandemic in better shape than most and there’s huge demand for skilled and experienced construction professionals in a wide range of roles across the built environment.

“Despite the wider situation, we had confidence in the construction sector’s ability to bounce back, and even though the country went into a further lockdown on the very day we opened our doors, the support of clients enabled us to quickly establish ourselves as a recruiter of choice.

“We set ourselves some pretty stiff initial targets and didn’t expect to be taking on our first employee until next year at the earliest, but having made far faster progress than even we’d hoped, it seems like the right moment to try to take advantage of the opportunities that are out there.

“While the North East will remain our primary focus for now, we’re already building an extended client base outside the region too and will be directing resources towards Yorkshire and the North West to further build on the progress we have already made in those areas.”