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Advertisement MIDAS SHARE TIPS: Here's a truly hot tip for your portfolio - 1Spatial is the fast-growing digital maps expert that helps find a way to fires By JOANNE HART, FINANCIAL MAIL ON
SUNDAY
Updated: 16:34 BST, 7 March 2021
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Chancellor Rishi Sunak's Budget was clear – when it comes to business, the Government wants to support enterprising, innovative companies that can help make the UK a force to be reckoned
with in the 2020s and beyond.
1Spatial is just such a business. Spun out of Cambridge University more than 40 years ago, 1Spatial has pioneered sophisticated software that allows public and private sector customers to
create detailed digital maps at local, regional and national level.
The shares are 35p and should increase materially as chief executive Claire Milverton rolls out her strategy for growth.
On target: 1Spatial's mapping software helps California firefighters, who last year faced record-breaking blazes
The business already has a number of blue-chip customers, such as Ordnance Survey, Northumbrian Water, Network Rail and the Energy Networks Association, which comprises all Britain's
electricity and gas firms.
1Spatial has a fast-growing business in America too. Five years ago, there was one client, the US Census. Today. there are 30, including California's Office of Emergency Services and the
state of Michigan.