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.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.