A Sheffield outside broadcast company is set for growth after borrowing £100,000 for a specialist vehicle to beam live images on location.
Televideo is targeting £7million turnover this year based on a boost in business from its new ‘uplink’ van.
The firm, based on Furnival Road, near the Wicker, specialises in outside broadcast and production for most of the major television broadcasters including the BBC, Sky Sport, BT Sport, Eurosport and Channel 5.
Established in 1976, it has grown to be one of the largest companies in its sector in the UK. Turnover is £5million and it employs 55.
Managing director Paul Scivill explained: “The production and uplink vehicle means we can go anywhere and deploy a dish on top of the unit with a multi-camera operation to do live production rather than it being done from a studio.
“This means we can offer clients a more complete package – not only can we do the outside broadcast, we can deliver the content as well.”
Televideo operates 11 outside broadcast units and a number of different kinds of support vehicle. The uplink unit has already been used to deliver work for the BBC’s One Show and BBC Music.
The firm borrowed £100,000 from Finance Yorkshire, a privately and taxpayer-funded lender.
Finance Yorkshire’s David Ward, said: “Televideo is a long established business with a great reputation for high quality outside broadcast recording facilities to some of the biggest names in the business.
“The company is well positioned with this latest broadcasting technology to grow further and create jobs.”
The organisation provides loan and equity-linked investments up to £2m to help small and medium sized businesses to grow and develop.
To date, Finance Yorkshire has invested more £98m, enabling companies to increase their turnover by £352 million and attract a further £187 million from other private sector sources. Through this activity, Finance Yorkshire investment has helped those SMEs to create and safeguard 10,670 jobs in Yorkshire and the Humber.