A Yorkshire diagnostics company is set for growth after securing a £1.5m investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. The funding will allow Abingdon Health to fulfil new contract wins and invest in new equipment and processes at its headquarters
Startups with a solid business plan and great pitch deck have a far greater chance of gaining investment. In this interview with one of Mercia’s Fund Principals, Ian Wilson, Ian talks about the sorts of things he and the team are looking for when plans come to them for review. The best business plans help
A Northumberland business which has found a new way to deliver superfast broadband to remote sites has secured a £300,000 investment from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Fund Managers. Trench Networks, which is based in Blyth, has developed a device which aggregates mobile phone
Mercia Fund Managers has expanded its Newcastle office with the appointment of James Allsopp as Investment Manager and Thea Tebble as Fund Administrator. Both will work on the £27 million North East Venture Fund, which is managed by Mercia and which invests in SMEs across Durham, Northumberland and Tyne and Wear. James, who has 14
A long-established Lancashire telecoms business has undergone a management buy-out backed by a six-figure loan from Mercia Fund Managers. The deal, which will secure the future of Abbey Telecom and the jobs of its 17 staff, gives control of the business to an existing director, Andy Wilson, and the company’s accountant Andrew Botham. Abbey Telecom,
Mercia’s Portfolio company, Sarissa Biomedical, has been featured in the Daily Mail. Test acts as a sensor for strokes and could save lives with quicker diagnoses Stroke is a leading cause of death and disability in the UK with 100,000 a year Most cases are ischaemic strokes caused by blood clots blocking the brain Read
Mercia invested £59.7million in 2018, with over 90 per cent of the funding going to businesses outside of London and the South East. The figure, up from £48.0million the previous year, highlights Mercia’s role as one of the UK’s most active investors and a key source of funding for regional SMEs. Mercia made investments in
A South-East Midlands company which has developed an innovative tool to check the safety of vehicle tyres, has secured £1m funding to help roll it out to the global automotive aftersales market. Sigmavision has secured funding from the MEIF Proof-of-Concept & Early Stage Fund, which is part of the Midlands Engine Investment Fund, supported by
A Sheffield company which manufactures high-performance vehicle exhausts has expanded across the Pennines with the support of a six-figure loan from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. Cobra Sport has acquired the assets of long-established Macclesfield firm JP Exhausts in a
A Newcastle company which has developed a new health and safety software platform has secured a £500,000 investment from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia Fund Managers. Notify Technology’s platform allows organisations of any size to manage worker health and safety. The software enables