News

What’s the Big Idea?

Esther Wilson

03 Dec 2014

Whitley bay-based technical development company Cogiva steps up their operations following a £10,000 investment from the Finance for Business North East Microloan Fund.

Cogiva provides bespoke digital solutions to small business taking a holistic approach when working with their clients, choosing to partner with the business. (Their brand becomes the company’s brand - all about the customer!)

The finance, which was secured through the Microloan Fund’s new managers, Rivers Loan, a new branch of Rivers Capital will enable the company to hire more staff and significantly upgrade their IT equipment. With £2.5 million of capital readily available, the Fund’s objective is to put small business owners in the driving seat of growing their company. Businesses from a wide variety of sectors can apply for a loan anywhere between £1,000 and £50,000, tailored to their individual business needs.

Nikita Bazko, Fund manager, said: “Ben has been working on websites and applications right from their inauguration when the web was still called the ‘information super highway’ and is an experienced coder and successful digital project manager.”

Ben Drury, Director, of Cogiva said: "The support from the North East Microloan will allow Cogiva to grow the team, which means we can offer faster and better service to the small businesses we work with on Tyneside.  It also allowed us to upgrade our technology which hugely improves the team's productivity.  By expanding our business and improving the way we work, Cogiva is able to help more businesses in the North East make the best use of the internet to improve their business."


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