MIP Diagnostics Ltd, a Midlands-based life sciences start-up that develops “plastic antibodies” for a variety of applications has received £300,000 of follow-on funding from Mercia Fund Management for working capital growth. Mercia first invested in MIP Diagnostics, a spin-out from the University of Leicester, in March 2015 and since then it has continued to grow
Medherant, a developer of novel transdermal drug delivery patch technology, has appointed Sally Waterman as Chief Operating Officer (COO), Angus Hone as Chief Financial Officer (CFO) and Sheryl Caswell as Head of Clinical Development. These appointments mark a significant expansion of the Company’s management team to support the business as it moves into clinical development
A Hull company which specialises in high-end audio-visual systems and whose clients have included royals and celebrities has secured a £100,000 loan from NPIF – Enterprise Ventures Debt Finance to help fund its expansion. It is the first investment in Humber by the Northern Powerhouse Investment Fund (NPIF). The investment follows a number of new
SnapDragon, an online brand protection service for SMEs that is backed by Mercia Fund Management, has appointed Heleen Kist to its board of directors. Heleen Kist, an expert in growth and commercialisation strategies for innovative companies, joins the board as SnapDragon’s first non-executive director. Kist brings valuable experience to SnapDragon from her time as chair
A start-up business that recycles household waste and turns it into fuel to minimise landfill is expanding its operations following a funding boost. Envirofuel (SRF) Limited has received a £250,000 loan from Lancashire Rosebud Finance. The fund is managed by Enterprise Ventures, part of Mercia Technologies PLC, on behalf of Lancashire County Developments Limited (LCDL).
A specialist in precision engineering for the aerospace and automotive sectors has secured development capital to accelerate its plans for a £50million turnover in the next five years. BCW Engineering Limited (BCW) has received a £200,000 loan from Lancashire Rosebud Finance which is managed by Enterprise Ventures, on behalf of Lancashire County Developments Limited (LCDL).
Presenter of BBC Radio 4’s Today programme Nick Robinson visited Leeds-based Winder Power, the leading UK manufacturer of power and distribution transformers and generator equipment. Winder Power’s Finance Director, Andy Mill, spoke about how the uncertainty over Brexit might affect the company and the economy in the North of England. Andy was joined on the
Medherant, which joined Mercia Technologies’ portfolio of direct investments in September 2016, has been selected for its versatile and easy to use, solvent-free transdermal drug delivery platform, the TEPI Patch®, which is based upon a novel poly(ether-urethane)/silicone pressure sensitive adhesive that allows a wider range of drugs to be delivered across the skin. The Company
Lancashire Rosebud Finance – which provides growth funding for businesses in the county – helped to create over 80 jobs in the year to the end of March 2017. Rosebud provided debt finance totalling £1.6million to eight Lancashire businesses during the year to support their expansion plans, which in turn helped them to raise a
Mercia Technologies PLC has completed a £500,000 investment into Oxford Genetics, a synthetic biology company with significant expertise in DNA design. This investment follows the £1.0million of additional capital which was provided by Mercia in October 2016 in order to expand the company’s management team, board, patent portfolio and commercialisation strategy. Oxford Genetics joined Mercia’s