Tenet Consultants plans to use the funding to recruit additional engineers and designers after winning several new contracts and increasing the size of its order book by more than £1m.
The business, which currently employs 28 staff was formed in 2005 by Managing Director Mike Thirsk, following a 27-year career in the nuclear industry. Tenet is an established tier one supplier of specialist engineering design and substantiation services, specifically in relation to the decommissioning and maintenance of existing nuclear facilities
Tenet's expertise ranges from undertaking CE&I engineering substantiation, preparation of the relevant regulatory documentation to preparing detailed CE&I engineering designs. The company's client base includes many multi-national companies involved in the nuclear supply chain that operate sites, build new facilities and maintain existing plants.
Mike Thirsk, Tenet's Managing Director, said: "The business has grown significantly in the last 12 months by providing a fast, quality driven response to our client's needs. For this to continue we have reached the point where we need to make a significant investment to increase headcount. We are delighted to secure this funding as it will help to cover the initial increase in overheads.
NatWest commercial banking in Manchester provided the funding to Tenet Consultants.
"Mike's expertise in this sector has created a very strong business with an excellent customer base. He has a clear strategy to grow Tenet and we are very pleased to have the opportunity to support his plans."
John Howard, NatWest Relationship Manager