£1 million investment into Lincoln–based YPP Group
In early February, Foresight completed a £1 million investment into YPP Group (“YPP”). Based in Lincolnshire, YPP was founded by well-known local entrepreneur Stuart Maclaren, YPP provides a range of print and graphic design services, offering a holistic service from concept creation through to printing, finishing and delivery.
Stuart Maclaren, Founder and CEO of YPP Group, said: “We are delighted to receive funds from the MEIF. With the investment and the help and support available from Foresight we are confident we can fulfil our long terms goals for our company.
Your Print Partner has demonstrated considerable growth over recent years and with our new brand, Custom Gifts, about to launch, we are delighted that Foresight see the potential in YPP and are supporting us on this exciting journey.”
The investment from MEIF will be used predominantly to facilitate the launch of YPP’s latest subsidiary, Custom Gifts, and to help build brand awareness. YPP is expected to create an additional seven local jobs within the first 12 months following the investment.
Reflecting on these two investments into Lincolnshire, Ray Harris, Principal, Foresight Group, commented: “We are pleased to have been able to deploy this substantial funding into two great businesses in Lincolnshire and understand the impact these investments can have on the local economy such as creating new jobs for the area and attracting talent.”
Russell Copley, GLLEP representative said: “I am delighted that the growth ambitions and drive of these two Lincolnshire businesses have been recognised and supported with these investments. Greater Lincolnshire is home to some fantastic businesses and we hope that these are just the first of a number of investments that the MEIF will be making across the area.”
Grant Peggie, Director, at the British Business Bank, added: “With the support of the Midlands Engine Investment Fund and Foresight, it’s good to see that small growing businesses across the Midlands are benefiting from the fund, generating economic growth and creating new job opportunities.
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.