A Cheshire contracting firm has undergone a management buy-out, backed by a six-figure loan from the EV SME Loans fund, managed by Mercia. Power Installations, which employs a team of 11 in Nantwich, provides specialist cable jointing services to the electricity distribution networks. The deal gives control of the business to the long-standing management team
A Hull start-up which aims to revolutionise the haulage industry by finding a better way to match drivers and employers has completed a £350,000 funding round led by NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. The funding, which includes £300,000 from NPIF with the
A fast-growing Yorkshire e-commerce business is set to expand its sales in Europe thanks to a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. Established just three years ago, Total Racking Solutions is now a leading supplier of shelving and racking within
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Clear Review has secured £2.6milion of investment including £500,000 from Mercia Asset Management as it becomes Mercia’s latest direct investment. The HR technology scale-up which promotes employee feedback had previously raised £500,000 in March 2018 from Mercia’s EIS Funds. This latest round of investment will be used to accelerate product development, build out a US
An Edinburgh company whose software platform helps universities to engage and recruit students has secured £1.8m investment from Mercia Fund Managers, the Scottish Investment Bank’s Co-Investment Fund and existing angel investors. This latest funding round will allow GeckoLabs to more than double the size of its team and expand its operations in North America. It
A Sheffield-based fit-out, refurbishment and maintenance business is set for expansion with the help of a £200,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. The funding will allow CPP FM & Projects to create four new jobs and take on
A cybersecurity company whose platform could help to safeguard critical infrastructure and smart transport systems from attack is to open a base in the Midlands after completing a £1m funding round. CyberOwl has secured investment from 24 Haymarket, Mercia, and the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and
Dr Paul Mattick, Head of Sales and Investor Relations at Mercia, took time to explain to GBI Magazine how Mercia’s EIS Funds provide a solution to building a well-validated early-stage businesses investment portfolio. In the article, he explains what benefits investors get with EIS funds: Mercia EIS Funds invest in companies with commercial protections, which
Derbyshire’s fastest growing fire alarm and security specialist is on track to increase its turnover by 50% this year after securing a £150,000 loan from UK Steel Enterprise (UKSE) and NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. The funding will allow Advanced