A Northumberland engineering business is planning to compete on the national stage with the help of a £250,000 loan from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. Eminent Engineering, which is based in Bedlington and manufactures metalwork structures such as balustrades, staircases and flumes, expects
Over 160 graduates and students gathered in Birmingham for the launch of the Santander Universities Entrepreneurship Programme. They were there to learn how to pitch their business ideas to investors in one of the UK’s largest competitions of its type. The Santander Universities Entrepreneurship Awards brings together teams from over 80 universities to compete for
Mercia has today announced an additional £2.0million direct investment as part of a circa £2.4million syndicated investment round into Medherant the clinical-stage company developing innovative products for pain and CNS diseases using a unique transdermal delivery technology, TEPI Patch®. Mark Payton, Chief Executive Officer at Mercia Technologies PLC, said: “Medherant represents Mercia’s second largest investment
Mercia Fund Managers has invested almost £8.0million into a North East-based traffic management business in its largest single transaction to date. The investment in Total Resources UK Limited includes growth, debt and venture funding and will allow the business to expand its existing depot network across the UK, creating up to 100 jobs. Total Resources,
Life Sciences direct investment, Locate Bio Limited (“Locate”), has received an additional £2.0million of investment. Locate, which is based in Nottingham, one of Mercia’s target investment regions, has received £1.8million of direct investment from Mercia, with the balance coming from the Midlands Engine Investment Fund, which the Group manages on behalf of the British Business
We are pleased to note that our AIM listed direct investment Concepta PLC (“Concepta”) has today announced important news regarding the first pregnancies from early adopters of myLotus®, its home fertility testing and pregnancy tracking device. The confirmation of first pregnancies is validation that the women’s fertility monitor, myLotus®, is able to successfully enhance fertility,
A Harrogate company whose technology platform is transforming the way food businesses manage their supply chain has secured a new funding round of £2.3m, which includes £1.5 million from the Northern Powerhouse Investment Fund and the remainder from existing shareholders including Summit Alpha. The investment in Authenticate Information Systems was led by NPIF – Mercia
A Nottingham company which has developed a new platform to help pharmaceutical firms manage clinical trials more effectively has raised almost £1m from investors to help it launch its product worldwide. PHARMASEAL International secured investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Fund Managers and part of
A Birmingham company which is developing a new property management platform has secured a £250,000 investment from the MEIF Proof of Concept & Early Stage Fund – managed by Mercia and part of the Midlands Engine Investment Fund – and a number of private investors. Rent Chief’s new online platform aims to help property investors,
A Glasgow spin-out which is pioneering a new test to detect brain cancer has secured a £1.2m investment in a syndicated round including Mercia Fund Managers using its EIS Funds, the Scottish Investment Bank’s Co-Investment Fund and EOS Technology Partners. ClinSpec Diagnostics’s revolutionary blood test can provide accurate results in just ten minutes and could