The Build Chain digital platform has received £500,000 in investment from Finance Yorkshire's seedcorn fund to build its profile further and boost take-up.
The Yorkshire-based subsidiary of NTUK Technology Ltd provides a national digital platform connecting contractors to local suppliers to improve efficiencies.
The subsidiary already has a turnover of £250m and strong growth is expected following broad adoption of the scheme.
Chief commercial officer and co-founder of The Build Chain, Matthew McClune, said: “The construction industry is worth hundreds of billions each year, but the procurement processes are out-of-date and full of inefficiencies that contribute to lost value.
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