Realise eyes growth with OakNorth backing
A training provider has secured multi-million-pound support to bolster growth plans.
Realise has been backed by digital bank OakNorth.
Bosses say the loan leaves the Sheffield-headquartered operator primed to pursue “future acquisition opportunities”.
Supporting more than 16,500 learners a year across the UK, through apprenticeships and adult education programmes, Realise helps people across areas including early years and education, health and social care, business skills and transport.
It also provides adult education training programmes in Greater Manchester, West Yorkshire and the West Midlands.
Gregg Scott, Realise chief executive, said: “We have an ambitious business growth strategy which we will be delivering in 2025 and beyond.
“And partnering with OakNorth has given us the opportunity to continue seeking the acquisitions which we believe are crucial to our future progression.”
Stewart Haworth, OakNorth debt finance director, said: “Realise has been supporting people to fulfil their potential and helping businesses to grow by upskilling their workforce for decades.
“We’re delighted to be supporting a business that is not only highly successful and growing quickly, but one that is also making a positive contribution to people and communities across the UK.”
The deal was advised by Deloitte, Womble Bond Dickinson, Pinsent Masons, KPMG, GK Strategy, CIL and Grant Thornton.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work