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The Coalfields Enterprise Fund, the venture capital fund managed by Enterprise Ventures on behalf of the Department of Communities and Local Government, has completed an investment in Student Resources Limited, as part of a total funding package of £600,000.

08/12/2006

Based in Barnsley, Student Resources provides strategic marketing and learner recruitment services, for both colleges of further education and private training organisations throughout the UK.

Student Resources offers a total marketing solution to colleges and training organisations to ensure they achieve maximum impact from work-based funding initiatives such as the Train to Gain scheme. The company engages employers, large or small, to identify training and development needs of the workforce and then, working in conjunction with the colleges, to identify approporate training programmes and potential sources of funding.

Wayne Thomas, Investment Director at EV, says, "Student Resources is exactly the type of business that the Coalfields Enterprise Fund seeks to invest in. The company has an extremely strong and focussed management team, who we believe are capable of achieving what they have set out to do. EV completed an in depth commercial review of the market opportunity which was very supportive of management's views and the potential for the business. We are very confident that Student Resources's success will bring considerable benefit to the local area, supporting the remit of the Coalfields Enterprise Fund".

Adrian Oldfield, Chief Executive at Student Resources, says, "I am pleased to have thesupport of the Coalfields Enterprise Fund in developing the business and welcome them as an investor. I am delighted that we can now implement our plans to develop the business into a leading player within our sector. When we were introduced to the CEF investment team at EV, they immediately saw the potential in our business and made us an attractive offer. We are already benefitting from the strategic advice and support which EV and the Coalfields Enterprise Fund has started to bring to our relationship".