Orders for a new business management software module have passed the £100,000 mark after being given grant funding to start up.
Tamworth based EQ Software said it had been pleased with the take up of its eStore module, which is designed to encourage its customers to take advantage of eCommerce.
The company provides a range of business management to the kitchen, bathroom and bedroom furniture market and supplies more than 3,500 users throughout the UK.
Paul Heaven of Blue Sky Corporate Finance, non-executive chairman of EQ Software, said the success showed the importance of the proof of concept grant made available by regional development agency Advantage West Midlands (AWM).
Mr Heaven said the contribution had secured jobs at the firm, and feared the worst about plans to scrap regional development agencies.
He said: “The AWM grant contribution was £30,000 and aside from the fact that this module has helped the company return to profits post recession, thereby securing more than 30 jobs.
“The project has already created four new full time jobs and at the present rate of growth, it is likely to create four more within a year of its launch.
“When people bemoan the contribution of RDAs like Advantage West Midlands they always ignore success stories like this one which would not have happened but for the intervention of AWM,” he added.
“On the back of tough trading conditions, this company was simply not financially strong enough to gamble on a proof of concept development of this nature and despite the fact that they were confident that the new software would be well received, it is almost certain they would have put this project on the back-burner.
“The proof of concept grant took just enough risk out of this investment to encourage them to go ahead and now the outcome is exceeding just about everyone’s expectations.”