Post Brexit UK makes investment attractive

Print Solutions

Helloprint is planning to devote the majority of a €3 million investment round into growing its business in the UK.

Helloprint provides a DIY printing platform for small businesses who don’t own any printing facilities, instead helping them find the best deal on whatever printing service they require. The company plans to allocate €2 million to the UK with the aim of tripling its UK revenue to €20 million before the end of 2017. The funds will go towards developing a UK based team, opening a UK office and increasing marketing activities to increase their UK network of both customers and printing companies.

‘Despite the recent EU referendum result, Helloprint is pledging its long term commitment to the UK and bucking the trend among nervous Pan European based businesses, because we see huge opportunities to increase our market share,’ explained CEO and co-founder Hans Scheffer. ‘Unlike the situation on the European mainland, the UK print market is very fragmented and mainly dominated by franchise players with basic operations and low interest in an online model, or local players with no substantial revenue growth opportunities or diversification in their business model.’

He also notes a positive from an EU perspective when investing in the UK that Euros ‘currently go around 15 to 20% further than a year ago,’ he said.

Helloprint develops and manages the online platform as well as handling the marketing and ordering so businesses can focus on providing high quality printed products at speed.