Newcells Biotech – whose laboratory models are used in drug development and reduce reliance on animal testing – has raised a further £2.35m to boost its growth and help establish itself as a global leader in its field. The Newcastle-based company has secured funding from existing investors including the North East Venture Fund, supported by
A Sheffield company that is one of the UK’s leading suppliers of metrology equipment has secured a £200,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, to help it open a new demonstration centre. Digital Micrometers (DML) supplies precision measuring equipment used in
PulmoBioMed – a Northumbria University spin-out which has developed a new lung test that could lead to earlier diagnosis of asthma and other conditions – has raised £1.4m to help commercialise its technology and target the US market. The investment round was led by the North East Venture Fund, supported by the European Regional
Mercia Asset Management – one of the UK’s most active capital providers to SMEs – invested over £281m in 2023, an increase of 39 per cent on the previous year and its highest amount in any year to date. Mercia backed 195 companies during the year, compared to 176 in 2022. Around 77 per cent of the
A Liverpool firm whose geospatial software helps utility companies to map the location of pipelines and infrastructure and keep services up and running has raised £600,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. Mobile GIS Services (MGISS) uses satellite data and mapping technologies
Huler – the worktech company behind a leading employee experience platform (EXP) – has raised a further £1.5m from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Ventures and part of the Midlands Engine Investment Fund (MEIF), and Mercia’s EIS funds. The latest investment will support further development of
A Sheffield company whose smart sensing solutions help industry to improve performance has raised a further £1.5m from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds. Tribosonics’ solutions are used to monitor industrial machinery and components and manage process efficiency and
The Handbag Clinic – the Newcastle-based luxury handbag restoration and preowned designer bag retailer – has raised a significant investment from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and a private investor. The funding will enable the company to accelerate its growth in the UK
A Leeds company pioneering a new approach to footwear repairs has secured a £300,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Debt and is part of the Northern Powerhouse Investment Fund, to enhance its technology. The Boot Repair Co provides an authorised repair service on behalf of leading footwear brands
A biotech company that has created a model of a human gut to trial new drugs and foodstuffs without the use of animals has raised £1.25m from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures. Aelius Biotech, a spin out from Newcastle University, provides testing services