An education recruitment company has secured further investment as it gears up to support schools with their post-pandemic recruitment.
The Supply Register has been awarded the funding from venture capital firm Midven through the Midlands Engine Investment Fund (MEIF).
It is the second round of MEIF funding secured by the Hanley-based company which received £500,000 in March last year to help it expand into new geographical areas.
The latest cash boost will be used to create new jobs and accelerate the firm’s next stage of growth as schools return and Covid-19 restrictions ease.
It also comes at a time when The Supply Register is experiencing a surge in demand for its services.
Founding director of The Supply Register, Baljinder Kuller – who has a 15-year track record of resourcing roles and partnership development for local authorities, private sector agencies and initial teacher training providers –
said: “Despite the challenges of the past 12 months, The Supply Register continues to attract education leaders that are seeking a better way to manage their supply cover recruitment.
“We have continued to implement our solution in existing territories while expanding into new ones.
“The continued support and further investment from Midven will allow us to innovate further and grow our customer-facing teams with the best education recruitment talent to support schools and education professionals who are increasingly using our portals.”
Established in 2016, The Supply Register is a technology-driven recruitment service which provides schools with direct access to cover supply.
Its online teacher recruitment platform offers real-time, direct connections between schools and educational professionals – helping to tackle budget constraints and skills shortages.
The company aims to help eliminate the challenges school leaders face when recruiting and works in partnership with schools to build their own talent banks, pay successful candidates a higher market rate and reduce recruitment costs up to 25 per cent.
The business claims that its ‘total recruitment solution’ has helped to save more than £1 million on supply cover spend for its partnership schools, academies and multi-academy trusts.
Giovanni Finnochio, investment director at Midven, said: “We are pleased with the progress that The Supply Register has made during the last 15 months.
“Despite a global pandemic which has impacted schools and education, the overall demand for The Supply Register’s supply teaching management software has grown. It is reassuring to see The Supply Register grow its customer base during a phase of global economic uncertainty. This funding will enable the company to continue its growth strategy and follow its plan.”
Alun Rogers, chair of Stoke and Staffordshire LEP, added: “It is heartening to see a business like The Supply Register go from strength-to-strength, particularly off the back of the last year which has been so difficult for many sectors, but particularly those in education.
“Stoke-on-Trent is a hub for teaching excellence, and platforms like The Supply Register help to ensure that even temporary posts are filled with talented and driven employees.
“As we start to come out of lockdown and adapt to life post-pandemic, I look forward to even more teaching roles being taken up by talented individuals and companies like The Supply Register continuing to grow, innovate and thrive.”