Member News
Growing Tyneside digital agency Jump is set to create jobs and build its European presence after securing a six-figure investment.
JUMP offers creative design, digital solutions and marketing services to a roster of regional, national and international clients, including Newcastle’s Business Improvement District company NE1, the NHS, Newcastle University, Peacocks Medical Group and Living North magazine.
The Newcastle-headquartered agency – which has been working with business growth specialists 360 Growth Partners on the next phase of its growth – has now sealed a £100,000 investment from the North East Growth Capital Fund Supported by the European Regional Development Fund, with help from regional fund management firm NEL Fund Managers.
Jump will use the investment to fuel expansion of both its North East team and its overall client base, with a view to reaching a £1.2m turnover target by 2025.
The design and marketing teams have seen some consistent growth over recent months and are supported by three new marketing and graphic design roles, with more planned to follow in the coming months.
The agency works across all industries, with particular expertise in the education, food and beverages, and digital technology sectors, and is looking to target new markets in continental Europe, using experience it has gained with clients in Spain, Holland, Ireland and China.
This marks the third time the agency has worked with NEL Fund Managers to bring in growth capital, with previous investments being made in 2015 and 2020.
Managing director Rob Brown, who co-founded the agency in 2007, said: “We traded well right through the pandemic and came out of it in a good position to grow the business quickly. We’ve taken the time to look at all aspects of the way we work and the potential for doing things even better, and we’re now ready to execute the strategies we’ve developed with 360 Growth Partners which we’re confident will enable us to achieve our objectives.
“The North East offers an impressive talent pool in the digital and design sector and we’re going to be accessing it over the next year to help expand the high-quality team that we already have in place. The NEL team has always been genuinely interested in what we’re doing and we’ve maintained a strong relationship with them over the years.”
Mike Guellard, senior investment executive at NEL Fund Managers, said: “Ensuring that ambitious North East businesses like Jump can repeatedly access growth capital at different stages of their development is essential for the health of the wider regional economy. The management team has a clear focus on how they to build on what they’ve achieved so far and we’re excited to be continuing on their growth journey with them.”
