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Deal Round Up

NPIF has continued to deliver a strong pipeline of deals in all 10 LEP areas, making an impact on businesses across a range of sectors. Here is a round up of some of our recent investments.

Universal Coatings

Doncaster-based Universal Coatings was founded in 2007 by two school friends – Phil Bingham and Phil Pantry. The company provides coatings for everything from swimming pools to steel structures and worked on the infrastructure for the 2012 Olympics. Universal Coatings will use its loan to fulfil new contract wins and create an additional seven jobs.

MedCircuit

Manchester based MedCircuit has developed software that allows patients to check into A&E using an iPad and answer questions about their illness. The funding will allow MedCircuit to further develop the software and to run trials across a number of UK hospitals.

ARU Recruitment

ARU Recruitment Ltd was launched by former healthcare recruitment specialist Umar Anwar in January 2017. The funding has enabled Anwar to invest in developing and implementing a unique system designed to improve the way in care is delivered, and now the Hull-based domiciliary care provider is on course to create 50 jobs after securing investment.

Laytrix

Laytrix has developed innovative systems for laying and removing subsea pipelines. Its products greatly reduce the time and cost involved in carrying out the work. The Darlington based business will develop equipment for the offshore industry and the funding will allow it to bring its first two systems to market.

Pronar UK

Lancashire-based Pronar UK manufactures wheels for agricultural and municipal machinery, pneumatic and hydraulic systems, axles for trailers, trailer panels as well as highly engineered steel profiles and plastic components. It will use its loan to support numerous projects, including a move to larger premises, the creation of a greater capacity manufacturing facility and the purchase of additional equipment.

Alderley Analytical

Alderley Analytical is a bioanalytical contract research company which supports the development of new drugs by measuring their levels in biological fluid samples, mainly blood and plasma, taken in both preclinical and clinical trials. The company currently employs 21 staff and expects turnover to increase by more than 60 per cent in 2019 with at least 6 more jobs to be created.  The company was one of the first to move into the new Alderley Park Science Park in Macclesfield, Cheshire.

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.

Editors Notes