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Support for expansion overseas and new jobs

Posted onPosted on 26th Nov

A Mansfield Woodhouse company has secured £250,000 funding to expand its overseas presence and create 10 jobs.

Maven Capital Partners has provided Proskins Ltd, a manufacturer of sports and fitness apparel, with the funding package from the Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund.

The investment will be used to implement an ambitious marketing strategy to capitalise on the growing demand for its products globally, and help build the firm’s presence in Germany and the US, while creating the new jobs.

Proskins designs and manufactures high-performance leisurewear, including a wide range of men’s and women’s clothing that uses compression technology to address poor blood-flow and fluid retention.

The company has also developed a range of cosmetic products aimed at the beauty market.

After seeing a significant increase in overseas demand, Proskins is working with TV shopping channels to help expand its market reach.

The firm is owned and managed by an experienced senior management team, including brothers Neil and Charlie French, who established the business in 2005 and chairman Clive Fenton. Former England rugby union and rugby league international Jason Robinson became a shareholder and joined the Proskins board in 2012.

Neil said: “We are delighted to have the backing and support of MEIF and Maven. Having seen a steady increase in demand for our products from direct sales and overseas customers, we’ve changed our business model and investment infrastructure to reflect this and support further growth in these areas.”

Lindsay Wetton, senior programme manager for business engagement at the D2N2 Local Enterprise Partnership, said: “It is great news for one of our high tech businesses in D2N2 to receive this investment. It is testament to the drive and ambition of the owners, who will be creating new jobs.”