Nottingham's legacy family business secures substantial financial backing in the six-digit range.
TSC Simulation, a Nottingham-based company with a rich history dating back to 1978, has secured a significant investment from the British Business Bank's Midlands Engine Investment Fund II. This funding will aid in the company's growth and transition its simulation portfolio to support the sustainable and low-carbon energy sector.
The investment, delivered through Maven Capital Partners, will be utilised to expand TSC's team, accelerate software development, and launch new products. This strategic move aligns with the evolving demands of the industry and the energy transition, as TSC Simulation focuses on training tools aligned with the transition to renewable energy.
Andrew Bolton, the CEO of TSC Simulation, is driving a thoughtful evolution of the company's offering. He succeeded his father and founder, Michael Bolton, in 2022, and is now leading the charge in this new phase of growth. The UK government's Department for Business, Energy & Industrial Strategy (BEIS) supported Bolton at the beginning of 2022 to finance the company's growth and transition into low-carbon and sustainable energy sector simulation.
TSC Simulation's platforms replicate real-world plant and control systems to support training, system validation, and engineering studies across industries like oil and gas, nuclear, utilities, food production, pharmaceuticals, and now, renewable energy. The company's clients include global giants such as BP, Shell, ExxonMobil, and Petronas, as well as educational institutions.
Richard Altoft, investment director at Maven, expressed his support for TSC throughout the application process. He noted TSC's strong heritage and ambition, and the Midlands Engine Investment Fund II's backing is a testament to this. The fund was created to support innovation and growth, and it is backing TSC Simulation with its investment.
The funding will help TSC Simulation meet rising demand for simulation in areas such as hydrogen production, a key component in the transition to renewable energy. The backing from the investment will enable the company to continue its growth and remain at the forefront of simulation technology in the evolving energy landscape.
Meanwhile, it was also announced that Zen Internet has hired a TalkTalk veteran for the MD role, although this news is unrelated to TSC Simulation. Furthermore, no further information about a potential University of Liverpool spinout's seed round was provided in this paragraph.
As TSC Simulation continues to grow and adapt to the changing demands of the industry, it remains a well-established, family-owned business with a longstanding track record of delivery in highly specialized sectors. The investment from the British Business Bank and the Midlands Engine Investment Fund II marks an exciting new chapter in the company's history, as it positions itself to support the energy transition and the growth of the sustainable and low-carbon energy sector.
