Phorest launches phorest growth fund to springboard salons

To celebrate the brand refresh and give back to the industries and the communities it serves, Phorest is announcing the launch of The Phorest Growth Fund.

What is The Phorest Growth Fund?

Phorest will deposit £100,000 into a fund that will be available to Phorest salon, spa and clinic businesses all over the world as the essential springboard to their next steps in growth. The fund is to be distributed on a case by case basis to salons who need a financial stepping stone to facilitate the next phase of their growth.

When can I apply?

Launching in March 2022, details on how to submit an application to the Phorest review panel will be released and applications will subsequently open. Phorest CEO Ronan Perceval explains why the software company has chosen to launch such a fund: "Phorest was literally born on the salon floor – we know what it's like to be at the heart of a business that is striving for excellence but we are also acutely aware of the challenges facing the industry when it comes to growing that business," he said. "We established the Phorest Growth Fund to give back to the community that has given us so much - from our own research, we know that for 42% of salons getting established, business planning and managing the financials of their businesses were the biggest challenges they faced, while 24% struggled with getting appropriate loans or funding." He added: "We have taken the next step in our growth journey with a new look and feel for 2022. and beyond; we want to help salons reach their next steps through The Phorest Growth Fund." Stay tuned to find out more about the fund and how you can apply. Find out more about how Phorest can benefit your salon here and find out why top hairdressers love Phorest. This article is sponsored by Phorest Salon Software