A family-run telecoms service provider has secured a new £2.5 million funding package to help it expand its footprint in the West Midlands and enter new markets.
G Comms was founded five years ago and offers logistics support to UK network providers and telecoms businesses such as Vodafone, Three and EE.
The new invoice finance facility from HSBC UK will help the firm expand its warehouse in Coleshill by 50,000 sq ft which will allow it to serve more customers, streamline its processes and reduce costs.
The company is setting up a pre-staging area at the warehouse for the assembly and testing of new and returned telecoms equipment such as cabinets, radios and antennas and also plans to invest in new IT and warehouse management systems.
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It is also developing products for the UK’s 5G network infrastructure and supporting the rollout of autonomous vehicles in Birmingham.
Founder and managing director Claire Greenwood said: “Expanding our physical footprint in the Midlands will provide the platform to scale up our business so it’s an exciting time for the team.
“We intend to diversify and enhance our capabilities within the telecoms market.”
Mark Lupton, HSBC UK area director for Greater Birmingham, added: “The Midlands tech scene continues to see rapid growth and this deal allows G Comms to kick-start its next phase of growth.”