Introduction by Mercia Debt MD
As we look back on 2024, I am proud to reflect on another successful year for Mercia Debt. Our unwavering commitment to providing investment opportunities for UK SMEs, especially those within the North, has enabled us to support many ambitious businesses, equipping them with the funding needed to grow and succeed.
– Paul Taberner, MD, Mercia Debt
Mercia Debt passes £5m milestone with NPIF II fund
In March 2024, Mercia Debt secured British Business Bank’s Northern Powerhouse Investment Fund II (NPIF II) debt mandate, offering businesses loans up to £2million to fuel growth in Yorkshire and the Humber region.
Mercia Debt has since provided a over £5.5m in business loans to companies covering a wide range of sectors, with the majority based in Yorkshire and Humber.
Recent investments
In 2024, more than 30 forward-thinking businesses from diverse sectors across the UK reached significant milestones, collectively securing £15m to accelerate their growth. Whether expanding operations or exploring new markets, these businesses are driving their vision forward. Mercia Debt is proud to have contributed to their success with flexible funding solutions designed to support their unique goals and aspirations.
Funding will remove barrier to growth for lab furniture firm
In November 2024, Lab Systems Furniture secured a £100,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding will enable the Hull-based company to expand its capacity by moving into new premises three times the size of its existing unit and create two new jobs.
Change Accountants
Keeping ahead of the changes
Mercia Debt can help accelerate your business growth.
Founder of Change Accountants, Stacey McVeighty, outlines the reasons why she took debt funding to bolster the growth of her accountancy business after acquiring another local practice in York
Thornton Park Farm
Luxury Yorkshire Glamping
Managing Director of Thornton Park Farm, Richard Dunnett, explains how Mercia Debt’s £100,000 loan secured a further £50,000 rural grant to support the construction of five luxury glamping pods and diversify their income from farming activities.
Talk Straight
Leaders in online security for students
Introducing Talk Straight Group – a leading provider of ISP, connectivity, security and e-safety services to schools throughout England.
CEO, David Tindall describes how Mercia Debt’s funding has been beneficial in supporting him through a recent MBO.
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