7 years ago

HCT Group Secures £17.8M to Expand Community Transport Services

  • HCT Group, a UK-based community transport operator, secured £17.8m in funding led by Big Issue Invest

  • The funding includes a refinance of legacy debt and new capital from City Bridge Trust, Esmée Fairbairn, HSBC, MFS, Phone Co-op, Social and Sustainable Capital, TriplePoint, and four high-net-worth individuals

  • HCT Group will use the funds to accelerate growth and acquire commercial bus operators to turn them into social enterprises

  • The company provides transport for marginalized people and communities, paid for by the revenues of commercial bus contracts

  • It operates a fleet of 732 vehicles based in 13 depots, providing over 30 million passenger journeys per year.

      • ProblemTransportation

      "Many people in the UK struggle to access transportation, especially those who are marginalized or live in rural areas."

      Solution

      "HCT Group provides affordable and accessible transportation services to marginalized communities and individuals in the UK, using profits from commercial bus contracts to fund social services transportation."

      Covered on