A provider of managed cloud hosting and data centre services which works with businesses such as Hillary’s Blinds and Jonas Sports has secured a £500,000 funding package to support its expansion. 

CompuWeb Communications Services Ltd has received a debt finance investment package from the British Business Bank’s Midlands Engine Investment Fund II via fund manager for the East and South East Midlands, Maven Capital Partners. 

Founded in 1999 by Karl Mendez, CWCS provides IT hosting services via its own physical dedicated servers and cloud-based platforms. The company operates from its own data centre in Nottingham and leases space in facilities across Manchester and London, as well as maintaining a presence in North America.

The funding will enable CWCS to expand its colocation hosting services, offering businesses dedicated space in a data centre to house its IT infrastructure. The company recently acquired a new property in Beeston to expand its data centre footprint. 

Mendez said: “We are seeing increasing demand for colocation hosting, driven by businesses seeking flexible, cost-efficient, and energy-conscious solutions for their IT infrastructure. 

“This funding from Maven and the Midlands Engine Investment Fund II allows us to accelerate our growth in this space, enhancing our capabilities while maintaining our commitment to outstanding customer service.”

CWCS serves a client base that includes SMEs, large corporates such as Hillary’s Blinds and Jonas Sports, part of Constellation Software group of companies, and public sector organisations including the NHS and Cornwall Council.

Jonathan Lowe, partner – regional debt funds at Maven, said: “CWCS has built a strong reputation for high-quality hosting services, underpinned by a commitment to security, reliability, and customer focus. 

“With colocation hosting representing a significant growth opportunity, this funding will support the company’s strategic expansion while enabling more businesses to benefit from its expertise. 

“We are pleased to support Karl and his team as they scale up their operations. We would also like to thank Maria Smith at The CFO Centre, whose introduction facilitated this partnership.”

David Tindall, senior investment manager at British Business Bank, added: “The Midlands Engine Investment Fund II supports the region’s small businesses with high growth potential, helping them access the right type of finance for their business needs. 

“This investment will fuel the company’s expansion, broadening its offerings and driving positive economic growth both within the Midlands and across the wider region.”

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