A Hull company which helps businesses reduce their energy bills has secured a £150,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to help it meet increased demand. River Business Services (River) provides gas and electricity contracts and telecoms services from
Mercia has completed investment deals with a total value of over £50m in the North East since opening its Newcastle office four years ago. During that time Mercia has backed 31 companies in the region and invested over £22.7m from the funds it manages, which in turn has attracted a further £28.6m from other parties
Airship – the Sheffield-based hospitality technology company – has been acquired by industry leader Zonal for an undisclosed sum. The deal represents an exit for NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF) and which first invested in Airship in 2019. It achieved
Borrowers taking out business loans from the Northern Powerhouse Investment Fund (NPIF) can now do so on even better terms after Mercia was accredited for the latest phase of a government scheme. It means that Mercia can now provide NPIF loans backed by the third phase of the Recovery Loan Scheme (RLS), which was launched
Haystack – the Newcastle-based tech recruitment platform – has appointed the former COO of Google Europe as Non-Executive Director. Ben Legg’s appointment follows the company’s recent success in raising £500,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. Ben – who was introduced to the
A company which helps ambulance and fire services to improve efficiency has acquired a firm which advises police forces, in a seven-figure deal funded by Mercia’s SME Loans. Operational Research in Health (ORH), which is based in Reading, provides consultancy and software to emergency services to help them operate more efficiently, both on the road
Complete Roofing Systems (CRS) – the Warrington-based roofing and cladding contractor – has acquired Allied Roofing of Stockport in a seven-figure deal backed by an SME Loan from Mercia. The acquisition, which is the first by CRS, brings additional skills to the business and will enable it to build its presence in the social housing
A Sheffield company which specialises in replacing windows in historic buildings 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 (NPIF), to fund new contract wins. Nueco Group provides bespoke windows, glazing and heritage facades and is one of
A Crewe-based family business which specialises in electronic security systems has hit the acquisition trail with the backing of an SME Loan from Mercia. EPG Security Systems has acquired Crown Securities in a six-figure deal that will enable it to expand into the Shropshire area and diversify its client base. It is the second acquisition
Optellum, an Oxford-based medtech company that provides a breakthrough AI platform to diagnose and treat early-stage lung cancer, has raised $14m in a Series A funding round. The investment will enable the company to scale its base, operations and commercial launches in the UK and USA, accelerate its research and development, and expand its platform