Bristol digital marketing consultancy Modern Media, launched recently to help technology companies create effective campaigns, has secured high-growth funding.
The award from EU-funded Solutions for Business has enabled Modern Media to take on a coach to enable it to grow quickly.
The firm is targeting the large number of technology companies clustered along the M4 corridor between Swindon and Bristol – recognised as the world’s second-largest area for silicon design.
Director Nicola Ray said: “Also based in this area, known as Silicon Gorge, are the Bristol & Bath Science Park and Science City Bristol.
“When you add in the fact that both the University of the West of England and Bristol University have business support units, which help nurture a large number of companies – many of them technology-based businesses – we feel we are perfectly placed to support this growing sector.”
Gaining the award from Solutions for Business, which is funded by the European Regional Development Fund, was a key part of Modern Media’s strategy for quick growth. Businesses are given the award if they can demonstrate they are capable of achieving turnover of at least £500,000 within three years. Modern Media also plans to move into new offices by the end of the year.
The award consists of a minimum of 12 hours of coaching and coach Kim Jones has already helped the business with its strategic development and positioning.
“Our key strength is demand generation,” added Nicola. “We get to really know a business and who its target market is. Then we develop a campaign which will drive quality traffic to the company’s website, leading to a high sales conversion rate.”
