MSIF and GC Business Finance have secured £5m in additional funding from the Northern Powerhouse Investment Fund (NPIF) to continue delivering loans from the NPIF Microfinance Fund across the North West.
The NPIF Microfinance Fund provides loans of between £25,000 and £100,000 to businesses located in the North West of England that have been unable to obtain some or all of the finance they need from traditional lenders. Eligible businesses can use the loans for a wide range of growth and development purposes including filling gaps in working capital, funding expansion projects, leasing commercial premises and asset acquisitions.
MSIF are pleased to announce the appointment of Paul Cherpeau as Non-Executive Director with effect from 1st January 2022.
Paul is the Chief Executive Officer of Liverpool Chamber, a trusted and authentic partner for business, representing the interests of more than 600 businesses, from start-ups to multi-nationals across every sector.
Paul will become the Chamber’s representative in its capacity as a guarantor of MSIF. Neil Ashbridge who previously held this position, will remain on the MSIF Board as an independent Non-Executive Director.
Software specialist Carebeans Limited have secured a significant six-figure equity Investment for their leading social care management software from Liverpool based MSIF and the Development Bank of Wales.
The co-investment includes the trade and assets acquisition of the software business of Standex Systems Limited and onboarding of five new staff who move to Carebeans from Standex UK.
Carebeans was first established by Chief Executive Nick Lawford in 2019.
Liverpool-based nutritional snack company Nutry Nuts has received a healthy cash injection as it looks to further expand its product range and sales reach.
Formed in 2016, the business was launched by brothers Tamas and Mario Niszler, who originally hail from Slovakia.
The entrepreneurial pair identified that whilst many nutritional snacks advertise their high protein content, this is often accompanied by a less healthy high sugar content.
Knowsley based manufacturer Surface Transforms PLC has completed the drawdown of a seven figure loan through the Liverpool City Region Flexible Growth Fund.
Situated within the Image Business Park, Surface Transforms specialises in the development and manufacture of Carbon Ceramic materials and is the UK’s only manufacturer of Carbon Ceramic brake discs, which they currently supply to the Automotive sector. The funding will be used to install additional production facilities and further increase capacity to meet ongoing growth in demand for its products.
Personal safety app, Busby, and its sister technology RoadRadar have secured a seven-figure investment, including funds from a syndicate of angel investors through the Liverpool City Region (LCR) Angel Network’s introductions.
Founded in November 2019 by friends James Duffy, Kirk Ryan and Barry Green, Busby resides in Liverpool’s Global Innovation Hub for sensor technology, Sensor City and specialises in enhanced personal safety for individuals from cyclists to horse riders.
Technology specialists Tahdah Verified Limited have secured a £1 million equity investment for their multi-tenant software platform with £750,000 coming from AFM as lead investor and £250,000 from the Development Bank of Wales.
This constitutes the Development Bank of Wales’ first co-investment with Liverpool-based fund management specialists, Alliance Fund Managers [AFM] as part of MSIF’s Merseyside Loan and Equity Fund.
Trondheim, Norway — 15th September, 2021: Asolvi is pleased to announce that it has acquired UK-based Momote, the company behind the innovative SaaS solution MyMobileWorkers (“MMW”).
MyMobileWorkers is one of the UK's most successful mobile workforce solutions for the traffic management and highways maintenance sectors. The deal will see Asolvi acquire 100% of Momote and adding the highly skilled Momote team to the expanding Asolvi UK organisation.
Betmate, a social gaming platform allowing users to play against one another, has received a six-figure investment, including funds from a syndicate of angel investors introduced by the Liverpool City Region (LCR) Angel Network.
With traditional gambling, “the house always wins”. Betmate, founded by Ryan Lawrence, Declan Dowling and Dan Leaper in August 2020, is looking to change that. Betmate features an innovative way to bet, where you play against other people rather than the bookmaker.