SENSORY technology which could put an end to parking anguish has received a £100,000 funding boost.

Deteq Solutions, based at the Sussex Innovation Centre, Falmer, has developed a system that can tell whether a parking space is occupied.

Drivers would benefit as well as any organisation which manages car parks, such as councils, supermarkets, NHS Trusts and large companies.

The accompanying app will bring an end to the nuisance of driving around a car park or town centre in the hope of finding a space and also allow drivers to pay.

For parking enforcement, the system will indicate whether a car has a permit or ticket for its space.

It will save the need for a parking enforcement officer to ‘walk the beat’, bringing financial savings.

Deteq Solutions is the first company to receive escalator funding from Coast to Capital Local Enterprise Partnership, a £5 million fund to help businesses grow and create jobs.

Adrian Bone, managing director and founder of Deteq, said: “We invested a great deal into bringing to market a sensor and associated system which not only beats other parking monitoring systems on cost, but also on the wider benefits of the product itself.

“The technology we have created is accurate, responsive, long lasting, cost effective and fully recyclable.”

The FSE Group, which manages the Coast to Capital Funding Escalator on behalf of Coast to Capital Local Enterprise Partnership, has made an offer of £100,000 to Deteq, half of which is from the Coast to Capital Expansion Loan Scheme, and half from the South East Sustainability Loan Fund, which supports businesses that can contribute to a reduction in carbon emissions.

Richard Holmes, fund manager at FSE, said: “It is great to be able to support a company that is both growing and creating jobs in the Coast to Capital area.

“They are an ambitious company with sound growth plans which we are excited to see being executed by a strong management team.”

The escalator provides eligible companies with loans and equity funding between £50,000 and £200,000 for activities that will deliver high-growth and employment opportunities.