An engineering company which suffered a slowdown in trade due to the pandemic has received a £100,000 CBILS-backed loan from NPIF – Mercia Debt Finance, that is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The funding will help ECF Special Alloys to boost its working capital and invest in new
A Mercia-backed company which is set to become a world leader in the 3D printing industry has raised a further £2.5m. The funding for Additive Manufacturing Technologies (AMT) follows the company’s success in agreeing a partnership with tech giant HP, positioning AMT’s post-processing system as a preferred solution for use alongside HP’s industrial 3D printers.
A Mercia-backed company which produces magazines and digital marketing solutions for the life science and medical industry is poised to become one of the world’s fastest-growing scientific publishers, after achieving continued rapid year-on-year growth. Texere Publishing – which is based in Knutsford and has an office in New York – grew revenue in the US
CorrosionRADAR – the Mercia-backed company whose technology can detect and predict corrosion in pipelines – has attracted funding from the Middle East’s largest oil and gas company as part of a £2.9m investment round. Saudi Aramco Energy Ventures led the Series A round, with support from the MEIF Proof of Concept & Early Stage Fund, which
Slingshot Simulations, the Mercia-backed company which is a global pioneer in the field of ‘digital twin’ technology, has raised a further £1.5m of investment as it prepares to roll out its system to its first commercial customers. The funding which will help the business to scale its operations, comes from NPIF – Mercia Equity Finance, which
Duke & Dexter (D+D) – the award-winning footwear brand which is backed by Mercia – has appointed David Stern, the former global CEO of Crabtree & Evelyn, as Chair. David, who has over 30 years’ experience in retail and consumer brands and a track record for digital transformation, will help boost the global growth of the London-based company.
A £250,000 loan has helped a Sheffield rehabilitation centre to increase staff numbers by 300 per cent. STEPS was one of the first businesses to secure funding from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. The loan in 2017 came just after the centre
Slingshot Simulations – the University of Leeds spin-out which is backed by Mercia – has been chosen to lead a government-backed project which will make Yorkshire and Humber a global pioneer in the field of smart cities. The project – one of the largest of its type in the world – will use Slingshot’s ‘digital twin’
An edtech company whose software platform alerts universities to students in need of support has secured a £1m loan to help scale up its operation. The funding, which comes at the height of the shift to online learning, will help Leeds-based Solutionpath to adapt its technology to remote tuition and roll it out to more universities, creating
A Leeds-based healthtech platform has raised £825,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, to support its continued growth. The funding will allow hero to further enhance its software platform and develop its marketing strategy. The company helps organisations to deliver tailored