Two firms secure own premises

TWO Mansfield firms – Acorn Signs & Engraving Ltd and Purpose Media Ltd – are making large investments at the start of 2012 by buying their own premises after securing funds from NatWest and grants from the Regional Growth Fund.

Acorn Signs, specialists in custom made signs who also manufacture print banners and vehicle graphics, are purchasing their existing trading premises, operating from the Oak Tree Business Park in Mansfield.

Purpose Media is a web design studio specialising in ecommerce and sage integration, primarily producing effective websites for clients who range from sole traders to large companies.

They are moving to new and larger premises at Keys Road, Somercotes – retaining all of their local staff.

The purchases have been funded by the North Nottinghamshire business banking team at NatWest. The deals include traditional loan funding together with grants drawn under the bank’s allocation of funds from the Regional Growth Fund.

Andrew Plant, director at Acorn Signs & Engraving said: “This is the next stage in my business journey. I started out as an employee of the company, went on to buy it and have now secured the future by buying the trading premises.”

Matt Wheatcroft, managing director at Purpose Media said: “We needed new and larger premises. With the growth in online media continuing, the move means we can add additional staff hires.”