Mercia Fund Managers is awarded a £23.0million Proof-of-Concept and Early Stage Equity Fund, part of the Midlands Engine Investment Fund.

Mercia’s second largest direct investment holding, Science Warehouse is sold to Advance Business Software and Solutions Limited for a full cash exit of £16.9million. The Group now employs 63 staff.

Mercia Fund Managers is awarded the £27.0million Venture Fund to support businesses across the North East region as part of the £120.0million North East Fund.

As part of the 2019 Preliminary Results the Executive Team announce a change in name to Mercia Asset Management PLC now employing 85 investment professionals and support staff.

Mercia completed the acquisition of the venture capital trust fund management business of NVM Private Equity LLP.