UK-based Sheffield spin-out aims for nationwide expansion following equity deal with Finance Yorkshire.

Environmental consultancy firm Ecus, a spin-out from the University of Sheffield, has signed an equity deal for an undisclosed sum with small-to-medium enterprise investor Finance Yorkshire.

Ecus plans to use the new funds to expand its operation across the rest of the UK through the creation of five new regional offices and also expanding its headcount. Currently, the Sheffield-based firm employs 20 people.

With the new investments, the firm has stated that Ecus plans to grow its business, which is centred around advising clients on Environmental Impact Assessments and providing environmental management services, from £1.5m ($2.3m) turnover to £5m ($7.7m) within five years.

Ecus’ chairman Dr Peter Skipworth said: “Ecus responded to the downturn in construction through diversifying into growth markets such as wind energy, growing our business within the public sector and developing our Environmental Impact Assessment services. The Board believes that now is the time to look to…

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