Woodall Nicholson, the Greater Manchester headquartered manufacturer of specialist vehicles, has attracted a new equity investor, which has resulted in a partial exit for Enterprise Ventures Growth Fund. New funding from the Business Growth Fund (BGF) will support the increased production of its new environmentally friendly, low floor buses at its site in Rochdale, along
Mercia has appointed a new Advisory Board, formed of four industry leaders, to shape its investment strategy in the Life sciences and Bio-sciences sector. It is the third sector-specific advisory board that Mercia has created this year. The new board’s members – Mary Anne Cordeiro, David Ebsworth, Frank Collins and Jim Reid – will work
An award-winning University of St Andrews spinout company has received a major funding boost to take on the healthcare market. MOFgen, which is pioneering cutting-edge technology for coating medical devices, has received investment totalling £300,000 from Mercia Fund Management and the Scottish Investment Bank, the investment arm of Scottish Enterprise. The investment will allow MOFgen
Mercia is increasing its investment activity in the Midlands following the appointment of Julian Dennard as Investment Director. Julian, who has over ten years of experience in venture capital, was previously a partner for Technology Venture Partners LLP (TVP). He joins Mercia with the remit of growing their Midlands investment activity and existing asset portfolio.
Enterprise Ventures has appointed a new Investment Manager to its SME Loans team to manage the increasing business activity in the North of England. Chris Carter, who has over 11 years of experience in the financial industry, will primarily be investing in established SMEs, working across Enterprise Ventures’ offices in Manchester, Liverpool and Preston. Chris
A manufacturer and supplier of radiology and shielding solutions for hospitals and clinics has expanded its production capacity in the last year, creating more jobs for the region. In the last 18 months, Rothband Ltd has become the UK’s leading manufacturer of protective lead aprons, following a period of sustained growth. The company is now
Mercia Technologies PLC has made a follow-on investment of £1.0million into nDreams, one of the UK’s largest independent developer and publisher solely focused on virtual reality (VR) gaming and experiences content. Mercia’s investment is part of a £2.0million funding round alongside a group of angel investors. The pricing of this funding round endorses Mercia’s recent
A Sheffield-based university and industry collaboration platform is facilitating the commercialisation of innovative research from over 70 universities across the globe just two years into operations. IN-PART’s platform showcases licensing and collaboration opportunities from 70 universities to a rapidly growing community of over 2000 senior R&D decision makers in a diverse range of innovative companies
Mercia Technologies PLC has published its half year results for the six months ended 30 September 2016. Group and portfolio developments Successful integration of Enterprise Ventures Group Limited (“EV”) into the Group £5.7million invested in nine portfolio companies of which three are new ‘Emerging Stars’, taking total invested since IPO to £30.0million Two of three
An early stage business that creates custom-made wall murals for consumer and business customers worldwide plans to ramp up operations following a funding boost. Omega Sky Limited, which trades as Wallsauce.com, has received a £250,000 loan from Lancashire Rosebud Finance™, a fund managed by Enterprise Ventures on behalf of Lancashire County Developments Limited (LCDL) –