A Tyneside games design studio is diversifying into new markets after securing a five-figure investment.
Gateshead’s Infinity27 was set up three years ago as a design studio providing games, immersive VR and AR and real-time 3D solutions to clients across the UK. Based at the Proto centre in Gateshead, the company has adapted to create Skills Bootcamps, funded by the Department for Education, which combine live project work with on-the-job professional work.
The sessions aim to help people gain the skills they need for high-skilled, high-paid jobs in the games and immersive tech sector. Infinity27 is now using £25,000 from the North East Small Loan Fund, obtained through regional fund management firm NEL Fund Managers, to expand its capacity to deliver more Skills Bootcamps and win new business outside its home region.
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The company has so far provided 70 professional development placements to students, graduates, career changes and T-Level students, and it has also worked with a number of North East colleges, including Sunderland College, New College Durham and Gateshead College, to help shape the content and impact of the bootcamps. They each include a guaranteed interview for an role in the games or immersive industry.
This year it is looking to complete at least 100 placements during 2023, with new jobs expected to follow as the number grows.
Funder and managing director Dan Baird says: “The Skills Bootcamp aims to bridge the gap between the theory that students are learning in the classroom and the practical, professional and management skills they’ll need if they choose to enter our industry. Knowing how and where to apply their knowledge, how to work collaboratively with others and how to manage projects from inception to conclusion will prepare them for taking on high-skilled jobs, whether within or outside the North East, or working remotely with employers anywhere around the world.
“The live project work that we can offer as part of the Skills Bootcamp is unique in our industry and the feedback we’re getting on from both students and colleges has been extremely positive. Our focus for 2023 is on increasing the number of placements that we complete and rolling out the programme to more learners and businesses across England, and thanks to this investment, we now have the resources in place to achieve these goals.
“We were looking for investment capital that would support our long-term growth plans, rather than trying to achieve too much too quickly, and it made sense to work with the supportive NEL team who took the time to properly understand our ambitions.”
Jonathan Armitage, investment executive at NEL Fund Managers, added: “The North East knowledge economy very much punches above its weight and this is another example of regional insight and ingenuity having a positive impact on a much wider scale. The Infinity27 team is applying first-hand knowledge to help young people find a way into their fast-expanding industry and building an important new revenue stream for themselves at the same time.”
Part of the £120m North East Fund and aimed predominantly at smaller SMEs, the £9m North East Small Loan Fund offers loans of between £10,000 and £100,000 to businesses in Tyne & Wear, Durham and Northumberland and forms part of the overarching £120m North East Fund, which will provide financial support for more than 600 businesses, creating around 2,500 jobs.
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