The company will use the funds to develop bespoke translation technology for global market research projects and make improvements to its IT infrastructure.

It will also create an instant quoting system, add a fixed pricing model for language services and establish APIs between quality assurance tools.

RP Translate expects these changes to result in a 50% reduction in translation costs and speed up turnaround times for clients. The planned improvements are expected to be fully completed by the end of June 2020.

Ruth Partington, chief executive of RP Translate (pictured), said: “We are immensely grateful for the opportunity that this funding brings to change the game in insight translations and deliver unprecedented value to our clients.”