A North East tech firm is set to create new jobs as it ramps up expansion with the help of a five-figure investment.
Newcastle-based Sugarcoat provides cloud-hosted e-commerce solutions to digital agencies and SMEs across the UK and Ireland, which enable them to sell their products and services to customers around the world. The firm is using the £50,000 North East Small Loan Fund investment, which was obtained through regional fund management firm NEL Fund Managers, to support a number of enhancements to its digital infrastructure and increase its sales and marketing activities.
Up to 10 new jobs are expected to be created in the coming years as the business expands, while a new director has recently joined the firm to action its growth strategy. Sugarcoat also provides services relating to content management, hosting, and payment solutions, and has previously secured a £25,000 investment from Creative UK.
