NPIF Debt

Loan helps outside broadcaster prepare for action-packed summer

26th April, 2021

As the UK emerges from lockdown, a Sheffield company which produces coverage of many live sports events and festivals is gearing up its business with the help of a £100,000 loan.

Televideo has secured the funds from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. With many sports fixtures now back on but taking place behind closed doors, the company is filming the action once again on behalf of longstanding clients such as the BBC, Channel 4, Sky Sports and BT Sport.

Televideo has also secured a further contract for Steph’s Packed Lunch, for which it provides the studio equipment and technical support. It follows the return of the show – which is filmed in Leeds and hosted by presenter Steph McGovern – for a further 25-week run. Meanwhile, the team are busy quoting for broadcasts from music festivals and other outdoor events, which is hoped can start again in summer.

Established over 40 years ago, Televideo is now one of the UK’s leading suppliers of outside broadcasts, employing over 60 staff in the North and Scotland as well as hundreds of subcontractors.

Paul Scivill, the Managing Director (pictured), said: “The pandemic has been a major blow to the sports and live events industry, with classic events such as the Edinburgh Tattoo, The Northwest 200 and the Isle of Man TT Races – cancelled for two years running. However with summer approaching and the vaccine roll-out well underway, our schedule is getting busier and we are hopeful that festivals and other much-loved events will soon be on the agenda once again.”

Pete Sorsby of Mercia said: “Televideo is a highly respected outside broadcaster and, with stadia and other venues closed to the public, has been playing an important role in bringing live action to our screens in recent months. As we emerge from lockdown, the company anticipates a busy summer ahead. This funding will provide it with additional working capital to help gear up its operations and meet the coming demand.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

 

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