UK-based The Gap Year Company is seeking second-round funding to maximise its successful cornering of the widely untapped multi-million pound niche market - people thinking about 'gap years'.
The Gap Year Company is harnessing the potential of this valuable market segment and is in the process of developing a unique range of products and services to offer young travellers as a one-stop source of information, advice and support before, during and after their travels.
Founded two years ago by an award-winning travel journalist in partnership with an IT specialist - on return from their own travel adventures - The Gap Year Company has already attracted £1.65 million in financial support from a major financial institution, and is forming alliances with many leading-name businesses in the travel, telecommunications, recruitment, youth and other affiliated sectors.
Due to the company's fast-growing success, it is seeking to raise a further round of funding to help it realise its potential and to develop its next stage of strategic development.
Further funding will mean the company can scale up its operations and build on its lead in this sector in the UK. It is also looking to expand rapidly to overseas markets such as the USA, Scandinavia and Australia to capitalise on other fast-expanding travel markets.
The company has also progressed to offer a well-rounded service by developing a new and unique product tailored specifically for this market.
The 'no worries' travellers' support package is a comprehensive safety-in-a-box kit which includes insurance, assistance, medical equipment, financial and personal security products, medical card and helpful travel advice. Breaking from the traditional insurance package which reimburses travellers after misfortune, no worries acts as a safety net, preferring instead to help keep travellers on the road and to help them avoid problems before they crop up.
The Gap Year Company operates both on and off-line.
It produces a quality quarterly magazine distributed to thousands of UK students as well as the online gapyear.com website and information source. Plans are being developed for future products focussing on telecommunications, banking and other key support services both for students who are dreaming of gapyears and for those who are actually travelling.
Notes to editors:
Gap years are an integral part of the way of life among British youth. The Gap Year Company offers both advice and useful support services before and during travel. Last year, more than 200,000 young people in this country took a year off to travel. Over a million (and growing) high achieving young individuals dream about 'taking a gap'. These numbers are increasing by the day as employers, universities and schools extol the virtues of taking a gap.
Gap years represents a multi-million dollar market for the UK and overseas. This market for the coined 'gapyear' promises to grow even further, as the concept increasingly appeals to older age groups contemplating a change of career or lifestyle.
For reference visit http://www.gapyear.com
Full details and interviews can be arranged on request by phoning Carolyn Vicars on 0207 379 0304.
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