The Post Growth Fund was launched to offer funds to companies that want to expand and create jobs but find themselves stifled by the tough economic climate.
Fairway Training Healthcare was given a funding towards expansion plans that could see more than 127 jobs created through apprenticeships.
On the back of scandals such as Stafford Hospital, Fairway has seen an increase in demand for care-related training courses. Alex O’Neill, Operations said this is likely to grow on the back of legislation in the next year, following the Cavendish Review into the NHS and social care.
Mr O’Neill said: “There is a need for more fundamental care training, which is demanded by the sector. After Stafford Hospital, the sector knows it has to up its game”.
“That will lead to a requirement for complex care needs, and the training business will be able to answer that by offering care staff which reach the required standards.”
The growth fund allows for applications for grants from £10,000 to £100,000 from small businesses in Birmingham, Solihull and Coventry.
It has funded dozens of companies, creating and safeguarding hundreds of jobs since it was launched.