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Deal in Focus: Televideo

£150,000 worth of debt funding to Sheffield-based outside broadcasting company which is one of the UK’s leading suppliers of sports programming.

Established over 40 years ago, Televideo produces hundreds of hours of original content each year for broadcasters including the BBC, Channel 4, Sky Sports, BT Sport and Premier Sports.  It also acts as host broadcaster on a range of major stand-alone events such as the European Aquatic Championships, the Rugby League World Cup and the ICC Women’s World Cup.

The deal, completed by NPIF – Mercia Debt Finance, will be used to invest in equipment and upgrade an additional outside broadcast unit to use 4K or Ultra HD – the new high definition TV technology. In addition, the company which employs 59 staff, plans to create a further five jobs over the next 12 months

Peter Sorsby, Investment Manager at Mercia Fund Managers said: “Televideo is one of the UK’s largest and longest established outside broadcasters and is highly respected in its field. With technology continually changing in the TV and entertainment sector, it needs to invest in regular equipment upgrades to maintain its position as an industry leader. This funding will allow it to meet the growing demand for outside broadcasts using the very latest high-definition technology.”

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.

Photo Caption: Left to right – Paul Scivill, Managing Director at Televideo, Peter Sorsby, Investment Manager at Enterprise Ventures and Ken Cooper,  Managing Director at British Business Bank

Enterprise Ventures Limited is authorised and regulated by the Financial Conduct Authority (FRN: 183363).  EV Business Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN: 443560).

Editors Notes