Tunit secures further Rosebud backing

Chorley-based engine performance tuning specialist Tunit has created four new jobs after securing a second five-figure loan from Lancashire’s Rosebud fund.

Tunit was established in 1998 and now employs 20 core members of staff. It  provides engine enhancing systems for individuals and businesses, covering both small and large vehicles. 

Since receiving the loan, Tunit has recruited an account manager to strengthen relationships with existing customers and secure new business for the firm. It has also complemented its sales and marketing team by hiring a digital marketeer to raise brand awareness and attract new customers. Tunit plans to use the rest of the loan to recruit a further two employees in Spring 2021.

The five-figure loan represents the second round of funding that Tunit has received from Rosebud. In December 2019, Tunit received a further £25,000 which resulted in the creation of four jobs and funded a targeted marketing campaign.

Michael Bromley, managing director at Tunit, said: "Returning to Rosebud seemed like the right option for us, as the support we received the first time around was unparalleled.

"We are moving into emission-saving systems, with a focus on making trucks and busses more energy-efficient in partnership with various councils across the region."

The Rosebud fund is managed by GC Business Finance. Jonathan Nelson, senior loans manager at Rosebud, said: "It was great to see Michael return to Rosebud for a second round of funding. We really enjoyed working with him to identify where Tunit needed funding, and what the loan would be best used for.

"It is always pleasing to see new jobs being created for people in Lancashire, especially in roles with real longevity in mind, and the two new members of staff at Tunit are a testament to this. For Tunit to be so ecologically conscious is a real bonus, and we are excited to see what is next for the business."

  • For further Lancashire business news, advice and analysis subscribe to Lancashire Business View or join the LBV Hub from just £2.50 per month. Click here to subscribe now.