Although we do not guarantee it, due to the way in which Mercia invests, it is our expectation that repeat investors will benefit from enhanced portfolio performance. As you may know, it is the Mercia Model to initially invest small amounts of capital into a new portfolio company, limiting risk, and then drip feeds money
A Derbyshire industrial lubricants specialist has secured a £250,000 loan to support its growth from NPIF-Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. Aztec Oils will use the money to fund the first stage of its three-year £1.2m expansion project which will increase storage
Two University of Leeds professors, who have developed software that detects subsidence using satellite data, have secured £750,000 seed funding to launch the new spin out company SatSense. The investment comes from NPIF – Mercia Equity Finance which is part of the Northern Powerhouse Investment Fund, Unipart Rail and the University of Leeds. Professors Tim
Dr Graham Davies, Investment Director at Mercia, which provides funding for tech firms and other SMEs, explains how to give your business the best chance of success. With around 63,000 digital technology jobs, Manchester is now the single biggest tech hub outside London and home-grown businesses such as Intechnica and Blue Prism are recognised globally
Locate Therapeutics to lead regenerative medicine revolution following first equity investment by the Midlands Engine Investment Fund Nottingham-based Locate Therapeutics Ltd is the first firm to receive equity finance from the Midlands Engine Investment Fund (MEIF) MEIF is providing £400k as part of a £2million investment that will help the firm to deliver an innovative
A Darlington business which has developed innovative systems for laying and removing subsea pipelines has secured a £385,000 funding package from the senior management team and NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. Laytrix was founded last year by Andrew Stevenson, who is also
Mercia Fund Managers is expanding its equity team with the appointment of a new investment director, following the announcement of the closing of the £45.1million EV Growth II fund in December 2017. Based in Mercia’s office on King Street in Manchester, Jill Williams will focus on investing in high-growth SMEs across the UK in a
Award-winning Hull-based video advertising company Ash TV has secured an additional £200,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. The latest funding round will allow Ash TV to further develop its video advertising platform and recruit additional programmers. It follows
Living Map, the digital map and data platform that creates a seamless interface between people and places, is pleased to announce new investment of almost £1.2 million of new equity from Committed Capital, Mercia Fund Managers and existing shareholders. The investment will be the catalyst for a significant expansion of the fast-growing technology company’s product
A Lancashire company whose software is used by blue chip manufacturers around the world is set for further growth with the help of a £300,000 loan from Lancashire Rosebud Finance, which is managed by Mercia Fund Managers on behalf of Lancashire County Developments Ltd (LCDL). The funding will allow QiSOFT to develop new mobile applications