Loan will help energy infrastructure firm take on bigger projects

A Grimsby-based engineering company that supports energy infrastructure has secured a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, to help it continue taking on bigger projects. Technica serves all the major gas distributors including National Gas Transmission, SGN, NGN, Wales

Fast-growing heating contractor raises funds for expansion

A fast-growing Midlands-based commercial heating contractor has secured a six-figure finance package from Mercia’s SME Loans fund to expand its operation and move to new headquarters. Ignis Group, which began trading in 2018, has increased turnover by over 800% in the past five years and has established itself as one of the leading mechanical contractors

Diving company set to enter new waters after Mercia backs buy-out

One of the North’s leading diving companies has undergone a seven-figure management buy-out backed by Mercia’s SME Loans fund. Underwater Diving Services, which is based at the port in Barrow-in-Furness, has played a key role in the redevelopment of the port and the construction of the UK’s nuclear submarine fleet and supports many regional infrastructure

Wool bedding beats counting sheep for founder of luxury brand

The Yorkshire designer behind a new luxury bedding brand has raised £100,000 from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, to help expand her business. Sophie Platts’ company Floks specialises in sustainable bedding including duvets, pillows and mattress toppers, all made from British

Sale of property security specialist provides exit for Mercia

Secure Empty Property (SEP) – a Lancashire-based business that provides specialist security services to landlords and site owners – has been acquired by The Clearway Group for an undisclosed sum. The sale provides an exit for Mercia Ventures and its client fund, the North West Fund for Venture Capital, which backed SEP at its inception

Netacea raises £4.4m to help firms win battle against bot attacks

Netacea, the Manchester-based cybersecurity business, has secured a further £4.4m investment from Mercia Asset Management PLC to support its continued growth. The funding comes from PLC’s own cash, and several of its funds under management including Northern VCTs and NPIF – Mercia Equity Finance, which is part of the Northern Powerhouse Investment Fund (NPIF). Mercia