Azzure IT, the award-winning Sheffield IT services provider, has been acquired by Content+Cloud, the UK arm of Nordic IT services group Advania. The deal provides an exit for NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and which has achieved a return well in excess
A Durham company which has developed sensor technology that can detect alcohol and drugs in a person’s blood by scanning their skin has raised a £600,000 investment to enable it to commercialise its product. The funding round for Applied Monitoring was co-led by the North East Venture Fund (NEVF), supported by the European Regional Development
An award-winning proptech business whose software could help improve building safety has raised £250,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The funding will enable Hull-based Bimsense to further enhance its platform before the introduction of new rules to improve the safety
A Birmingham biomedical company which has developed a smart device for fitting lower limb prosthetics has received a further £2.25m investment to boost its global expansion. Adapttech has secured investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, Mercia’s EIS
A historic Sheffield engineering firm has received a further £400,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to help it keep up with record demand. Tinsley Bridge is a major supplier of suspension parts to the European truck industry. Its
A company which has developed a digital employee benefits platform has raised £750,000 from Mercia to further enhance its product. Cloud8’s platform BEAM at Work allows employee benefits consultancies and other advisers to deliver services online, and improve efficiency and client service. It aims to fill a gap in the market for an easy-to-use platform
A fast-growing Scunthorpe accountancy firm is set for further expansion after acquiring a practice in Lincoln. Jackson Stapleton Accountants has doubled its staff numbers to 24 with the acquisition of Fawcett & Co. The firm now plans to expand its services to include wealth advisory, legal services, estate agency and marketing to provide a ‘one-stop
NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), has invested over £71m since its launch five years ago. During that time the fund has supported 67 businesses – the majority in Yorkshire, Humber and Tees Valley – and created over 600 jobs in
A modular buildings manufacturer which tripled its turnover during the pandemic has secured a £200,000 loan to support its further growth. Actiform has raised funding from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF). The company has played an active role in helping the
A doctor who has developed an app to help reduce anxiety in children undergoing surgery has raised £1.5m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), Mercia’s own funds and private investors. Dr Chris Evans, an anaesthetist working with children and a father