Rochdale based Zen Internet gets £2m grant from NWDA - MIDAS

Rochdale based Zen Internet gets £2m grant from NWDA

11 April, 2008 – Rochdale based Zen Internet gets £2m grant from NWDA

Zen Internet, an internet service provider based in Rochdale has been awarded a £2million grant to help expand its operations within Rochdale.

Sandbrook Park in Rochdale will be the new home to Zen Internet which is consolidating its operations – based previously over three sites in Rochdale town centre .  The provider is investing £20million into the move and the Northwest Regional Development Agency has granted £2million to help it expand.

The group expects to continue growing, with hundreds more jobs expected to be created.  The new building has the potential to expand to more than 1,000 employees.

Steven Broomhead, chief executive of the NWDA, said: "We have been working alongside Zen Internet for sometime now to help them grow within the region, and we are delighted to support the company’s expansion in Rochdale. The investment by the NWDA will add to the significant private investment by the company and will lead to the creation of 250 jobs over the next five years."

The NWDA said part of its £1.95m grant would be repaid by Zen when it achieves agreed targets.

Richard Tang (pictured), managing director, said: "By moving to Sandbrook Park, Zen Internet is demonstrating its commitment to remain in Rochdale, the town where it was founded."

Source: Manchester Evening News


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