Two friends who set out to put Hebden Bridge back on the map as ‘Trouser Town’ have secured a £125,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to help expand their menswear business. Brant Richards and Ed Oxley established HebTroCo in 2016 to
A Middlesbrough software firm that helps e-commerce stores drive sales has raised £2m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF) as part of a £2.25m funding round. The investment – which also included funding from a private investor – will enable
Log my Care – a fast-growing company whose software platform enables care homes and social care organisations to ‘go digital’ – has raised £3.25m in a funding round led by Mercia, with Oxford Capital and angel investors also participating. Log my Care enables carers in any setting to replace paperwork, easily find patient records and save
KMP Associates – the Mercia-backed company which is behind the Aeroparker commercial parking platform, has been acquired by the US technology provider SP Plus Corporation. The deal provides an exit for Mercia which first backed the company in 2013, investing from the North West Fund for Venture Capital. It achieved an eight-fold return on investment.
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