Vanti is set to continue its growth plans by securing funding worth £1.5m from the Midlands Engine Investment Fund (MEIF), provided by The FSE Group Debt Finance Fund and backed by the Recovery Loan Scheme.

The business has secured a loan facility which will be used to grow its team by 50% to around 75 employees by the end of October, make improvements to its Birmingham HQ and invest in systems across the business to help deliver its growth strategy.

Finance director at Vanti, Alastair Prince, said: "We are thrilled to have partnered with FSE to assist with our growth plans at Vanti. By spending the last few years defining and carving out the role of an MSI in the Smart Building industry, we've reached the perfect moment to supercharge our plans for the future.

"Being able to secure funding to this value considering the current financial climate is a huge achievement and shows the confidence investors have in the USP offering that Vanti provides our growth plans and the future vision and ambition we have for Vanti.

"Alongside this secured funding we're also actively working on pursuing investment - we're talking to several interested parties looking to join us on our journey and we're planning to grow our team by over 50% by the end of the year. It's incredibly exciting to be part of Vanti."

Ryan Cartwright, Investment Manager at The FSE Group, said: "Vanti is a hugely ambitious business which has shown a real specialism for integrating technology into the built environment while also developing an extremely successful business. We hope these funds help Vanti continue its growth and we're excited to see where the journey takes them."