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Award-Winning Online Learning Service Fills Education Gap with £250,000 Investment

Gwasanaeth dysgu ar-lein arobryn yn llenwi bwlch addysg

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Online learning providers Tute are expanding their offering for children and young people throughout Wales and England with a £250,000 investment by the Development Bank of Wales.

Based at Wrexham Technology Park, Tute’s qualified, experienced teachers deliver live online lessons to fill gaps in the education of children and young people across key stages 1-5. This includes delivering alternative provision, tuition, revision, functional skills courses, and full GCSEs and A levels to support local authorities, schools and non-mainstream settings to fulfil their statutory duties.

The team at Tute

With over 120,000 lessons delivered to date across more than 30 subject areas, Tute has taught some 18,000 students in more than 800 education settings in the ten years since the business was first set up in 2012. The £250,000 from the Development Bank of Wales will now be used to invest in further resources and enhancements to the Tute technology platform.

Managing Director Vanessa Leach said:

“With exponential growth in the last four years, we’re on a mission to create a world where online learning enables any child, anywhere to fulfil their potential. We want all students to engage and achieve in a high quality, rich and inclusive curriculum.

“The last ten years have included lots of ups and downs but we are now confident that we have the right team and infrastructure to take the business forward and achieve further growth. This investment by the Development Bank gives us the working capital  to continue to invest in our technology and our resources with the recruitment of more teaching and operational staff as we strive to be the first-choice online teaching partner for schools, local authorities, and non-mainstream settings throughout Wales and England.”

Chris Hayward is an Investment Executive with the Development Bank of Wales. He said:

“Vanessa and the team at Tute make teaching available to all, irrespective of location or background. They are renowned for the quality of their delivery and their commitment to the student as evidenced in the excellent outcomes the students achieve.

“The education landscape has changed with schools now managing more challenging behaviours; increased numbers of children and young people experiencing barriers to learning; and a large cohort of students who have fallen behind age-related expectations. The demand for online provision is therefore greater than ever which means the time is right for Tute to scale up and deliver more much-needed online learning.”

The loan for Tute came from the £500 million Wales Flexible Investment Fund which is financed by the Welsh Government. Loans, mezzanine finance and equity investments from £25,000 to £10 million are available for Welsh businesses with terms of up to 15 years.

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The Development Bank of Wales funds businesses that they think will benefit Wales and its people. The ones that will create ripples of growth- those that are more than a good business model or a great idea. They finance responsible businesses – those with a strong social, ethical and environmental standards, as well as real commercial promise.

By providing sustainable, effective finance where options have seemed limited, they bring ambitions to life and fuel possibilities for people, businesses and communities in Wales and beyond.

The Development Bank’s ‘big picture’ view means it can often help with debt and equity finance when options seem limited, doing whatever it takes to make a positive difference, bringing together the right people and working collaboratively to find a way to make things happen for Welsh businesses and for Wales.

Its teams are embedded in local communities, working out of regional offices that give customers direct access to key decision-makers and signposted avenues of support. They understand what’s happening in Wales’ villages, towns and cities – the challenges and the opportunities. They see the potential for business growth as a catalyst for enhancing lives and communities in Wales and beyond.

For more information, visit the Development Bank website at www.developmentbank.wales to find out more.

 

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