CASH management firm RMS is to create 300 jobs after securing a £1.25 million investment from the government's Growth Loan Fund.
The company operates across Britain and Ireland providing transit services for cash and valuables.
Other services include cash processing, coin and note supply, foreign exchange and ATM services.
Around 100 of the new jobs - expected to come online over the next five years - will be in Belfast with the remainder in Slough and Dublin.
The firm was set up in 2005 and currently employs 200 people.
RMS Group Services finance director Tony McAleenan said: “We’ve grown the business steadily over the past 11 years, solidifying our position in Northern Ireland whilst breaking into new markets, particularly Great Britain and ROI.
“We made a strategic decision earlier this year to expand into the South East of England, establishing a new base in Slough and we are very happy with how that base is performing. We have won a number of key contracts in the region, giving us an excellent platform for further growth in 2017.
“The cash management market in the UK and ROI has transformed dramatically in the past few years. Notably, some major players have left the market, so there is an opportunity for us to pursue new customers and become the number one cash management service provider.”
Economy minister Simon Hamilton added: "The company has grown steadily over the past 12 years and this growth has been borne out on a programme of investment in both new markets as well as investment in the head office infrastructure and management team in Northern Ireland.
"I am pleased RMS has benefited from this Growth Loan Fund loan of £1.25million and the £49,900 skills development grant from Invest Northern Ireland.”
David McCurley, senior investment manager at WhiteRock Capital Partners, which administers the fund added: “Our investment in RMS Group Services is one of the largest single loans provided by the Growth Loan Fund to date.
“The company will be able to create 300 new jobs across its three sites. The senior management team has identified a number of opportunities to expand the business in the ROI and GB markets, with a clear strategy of how to continue their growth.
The opportunity to invest in a business that has the potential to become the leading player in their market was an easy decision.”
Grant Thornton helped to advise the company.
Its director of corporate finance Charlie Kerlin said: “Grant Thornton are pleased to have worked with RMS Group Services on the fundraising exercise in support of their ambitious growth plans. Our team worked very closely with the RMS management throughout the process and were able to use our experience of funders to achieve a successful outcome.”
