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Back to Northern Powerhouse Investment Fund News – Issue 9

Deal Round Up

Three years since its launch, NPIF has remained firm in its commitment to supporting ambitious businesses across the North, and a growing number of companies are taking advantage of the investment opportunities on offer to them.

Here are just some of the transactions we have recently completed:

Fissara

Fissara, a designer, developer and provider of operational management software for the SME and mid-sized corporate market, secured a £500,000 investment from NPIF – Maven Equity Finance. The company will use the funding to create 10 new jobs in Manchester and invest in new product development.

Labfacility

NPIF – BEF & FFE Microfinance provided a six-figure loan to Labfacility, the UK’s leading manufacturer of temperature sensors. The Dinnington-based company has used the investment to acquire a 6,000 sq ft premises, purchase new equipment and create new jobs, including six new apprenticeships.  

 

Abingdon Health

Abingdon Health, which specialises in ‘point of care’ tests to diagnose disease in humans, animals and plants, has secured a £1.5m investment from NPIF – Mercia Equity Finance. The funding will allow the business to fulfil new contract wins and invest in new equipment and processes at its headquarters at the National Agri-Food Innovation Campus in York.  

 

Present Works

Leeds-based digital marketing firm Present Works received £100,000 from 

NPIF – FW Capital Debt Finance. It aims to help clients from across the world to develop and deliver strategies that achieve sustainable growth online. The investment will fund a move to larger premises and create new jobs.  

 

Solid Bond Solutions

Solid Bond Solutions, a facilities management firm which specialises in property
restoration, refurbishment and maintenance, received a £250,000 investment from NPIF – FW Capital Debt Finance. The funding has enabled the Tees Valley based business to purchase equipment, increase its marketing activity and recruit new team members.  

Get Work

Lancashire-based Get Work, a service that generates leads for tradespeople, received a £100,000 loan from NPIF – BFS & MSIF Microfinance. It will utilise the loan to set up an office for the current five employees, and is aiming to have a team of 16 by October 2021.  

 

 

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