A boss who overcame Coronavirus and went on to successfully steer his office supplies business through the lockdown has secured a £200,000 NPIF loan to support his growth plans. Gordon Profit of Citrus Office Group has secured a CBILS-backed loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of
Mercia is continuing its support of UK SMEs with an additional commitment to its debt funds. Over the next five years, Mercia will provide up to £40million to support the growth of regional SMEs across the UK. Mercia SME Loans will be providing a much-needed source of finance to ambitious, regional businesses that are seeking
A Sheffield company whose smart sensing technology helps industry to reduce costs has raised £1.1m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. Tribosonics embeds sensors within bearings and other moving parts to create ‘intelligent components’ which can monitor friction and wear and
A university spin-out which has developed a way to detect cancer at an early stage using a simple blood test has completed a £2.4m funding round led by Mercia’s EIS funds. The investment will allow ClinSpec Diagnostics (ClinSpec Dx) to further develop its technology and expand its team. The Glasgow-based company was founded in 2016 to commercialise research
A healthtech business with an app that helps patients communicate with clinicians remotely has raised a further £2m to help expand its use. Advanced Digital Innovation (ADI) has raised funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, the UK government’s Future Fund
A start-up which aims to use cutting-edge technologies to help farmers improve crop yields has raised £250,000 from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF). The funding will allow Earth Rover to launch its first product, a ‘crop scouting’
Nova Pangaea Technologies, the Redcar company which has found a way to use non-food biomass to make biofuels and other chemicals, has raised a further £900,000 from investors following successful trials of its technology. The latest funding has come from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern
A Sheffield animation studio which has won international acclaim is expanding with the help a £100,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. Red Star 3D creates its own films which are shown in cinemas, theme parks, museums and other venues. Its
A company which has developed a new payment system for the games industry has secured a further £200k investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund (MEIF). Transaction Technologies’ new platform will target the multi-billion-dollar market for in-game downloads. PlayerLands, as
Mercia is now offering NPIF loans of £100,000 to £750,000 backed by the Coronavirus Business Interruption Loan Scheme (CBILS). Mercia opened applications after being accredited as a CBILS lender by the British Business Bank recently and will deliver the loans through the Northern Powerhouse Investment Fund (NPIF). Mercia now manages more than £140milion on behalf