In or out? In. Why? As COO of MSIF I have seen first-hand the huge benefits of being part of the European Union and will definitely be voting ‘Remain’.
MSIF was set up in 1994 to manage funding through the European Objective One Programme. Objective One provided funding from the European Regional Development Fund (ERDF) to develop regions whose GDP was significantly behind other parts of Europe which, at the time, included Merseyside.
The Future’s bright for MSIF as it raises £7m from a string of successful exits and also signs a further 4 year Start Up Loans contract
MSIF has added around £7m to its own funds through a string of successful exits from previous investments including from its stake in local software company Blue Prism when it recently floated on AIM.
A 28 year old from Liverpool is turning her hobby into a business venture with backing from MSIF.
Louise Codman, a keen amateur football coach is opening a franchise of Little Kickers, a pre-school football academy in Wirral. Initial sites include Hoylake, Greasby and Wallasey and there are plans to open in additional venues in the area.
A Wirral estate agency business has undergone a management buy-out (MBO) with backing from MSIF.
Bakewell Horner based in Wallasey has been bought by Russ Smith, a minority shareholder, from former owner Peter Horner. Peter will remain with the business on a consultancy basis.
Liverpool-based Blends Ltd, one of the UK’s leading manufacturers of specialist food ingredients, has doubled the size of its base in Knowsley Business Park to cater for record client demand.
The move follows £4.6 million in funding from Santander Corporate & Commercial and Merseyside Special Investment Fund (MSIF), with MSIF providing a £200,000 grant through the Regional Growth Fund’s High Growth Business Investment Programme.
MSIF has invested a second round of funding into a Liverpool restaurant to expand its premises.
Grilla on Hardman Street serves Greek-inspired dishes and specialises in freshly cooked meat on the spit.
MSIF has provided Grilla with a further £12k in addition to the £34.5k it invested last year. The loan has been provided through funding it manages for the Regional Growth Fund.
St Helens-based accountancy firm Colin Tunstall and Associates has been acquired by a local accountant with support from Liverpool-based funding provider MSIF.
Michael Nelson has bought the business from its owner and founder Colin Tunstall, who will continue to undertake some consultancy work with the firm.
MSIF has provided a £50k loan to a Knowsley-based orthodontic products manufacturer. Thermadent has used the funding to buy a high-tech 3D scanner and printer. The new machinery will enable Thermadent to add new product lines including clear aligners and retainers.
The company was set up in 2011 by dental technician Matthew Garnett and supplies its products to orthodontists across the region.
MSIF has invested £80k to support the expansion of a business that has developed digital advertising boards on the city’s black taxis.
Open Messenger has been developed by local entrepreneur Mike Smith who is based at the Baltic Triangle.
The digital messenger boards allow advertisers to tailor their promotional messages on Hackney taxis to real-time conditions, such as local weather, location and time.