As published on guernseypress.com, Thursday October 24, 2019.
The move comes following an extended period of growth for the company which is now further developing the business, including expansion into Jersey.
Next Generation IT is a privately owned Channel Island based company that provides tailored IT services to the local business sector, with many decades of experience in both the public and private sector.
The company's director Jason Connolly was thrilled to announce the investment.
'We currently employ over 30 people across Guernsey and Jersey and see ourselves as the benchmark for IT services not only locally but also further afield.
'Our recent growth has allowed us to develop some very exciting plans for the future, including the recent opening of a Jersey branch.
'This fantastic investment will assist with this as well as help us grow the business locally and provide more resources for both our staff and our clients.'
Gilbert Chalk, chairman of the Guernsey Investment Fund, added: 'Next Generation IT’s commitment to understanding and providing for their customers’ needs means that they can deliver the technology and support required for businesses to operate successfully in the Bailiwick and internationally. They are well-regarded and have ambitious plans for the future which are important attributes for any business looking for investment from GIF.'
The Guernsey Investment Fund was launched in 2018 with the aim of achieving long-term capital growth and a commercial rate of return through investments which have a Bailiwick of Guernsey focus or which may benefit the development of the Bailiwick.
Its technology and innovation cell is specifically focused on a diversified portfolio of technology companies and innovative companies which demonstrate standards of excellence and the potential to grow.