Inovus Medical, a leading designer and manufacturer of medical and surgical simulators, announced this week that development of their revolutionary Augmented Reality laparoscopic simulator is to gather pace after securing a £1million product development contract through SBRI Healthcare, funded by NHS England.
The technology, which is set to democratise access to highly realistic, affordable laparoscopic simulation, began development in 2018 thanks to an initial £100,000 SBRI phase one contract.
The Northern Powerhouse Investment Fund (NPIF), delivered by British Business Bank, has invested over £11m into ambitious, high-growth small and medium sized businesses in the Liverpool City Region in deals that have attracted an additional £8.2 million invested from the private sector.
Since its launch in February 2017, NPIF has delivered equity finance, debt finance, and microfinance solutions, ranging in size from £25,000 to £2m to businesses across the 10 Local Enterprise Partnerships (LEP) that make up the ‘Northern Powerhouse Investment Fund’ region.
Compliance solutions specialists, Foursquare Group Ltd, have secured funding to continue their speedy growth.
The Liverpool-based business offers individual compliance packages, each designed to make each key area of business compliance simple and cost-effective; services include Health and Safety, Training, Food Safety and Facilities Maintenance.
Simulation software developers, Simul Software Ltd (“Simul Software”), has received a £150k investment from NPIF - Maven Equity Finance, managed by Maven Capital Partners (“Maven”) and part of the Northern Powerhouse Investment Fund.
The Fund is delivered by MSIF working with Maven in the Liverpool City Region.
Broadstone Group, one of the UK’s fastest growing employee benefits and pensions consultants and independent trustee business, has announced the acquisition of Liverpool-based CS Financial Solutions (CSFS) including CS Trustees.
Since supporting Paul McGuckin, Craig Williams and Colin Nicol [Directors of CS Financial Solutions] with the MBO plan in March 2016, MSIF have continued to work closely with the financial service specialists to help achieve growth plans, which have resulted in Broadstones’ acquisition of the business.
Bespoke learning environment provider, The Immersive Learning Studio, has received a £50,000 loan from NPIF – BFS & MSIF Microfinance, managed by MSIF in partnership with GC Business Finance as part of the Northern Powerhouse Investment Fund.
The Immersive Learning Studio is a Liverpool-based company that specialise in building state-of-the-art, immersive learning & training environments for business.
Bodyline Clinic, the ‘go-to’ weight loss and wellness provider for the North West, has recently opened the doors of its eighth clinic; now based in Fingerpost Shopping Centre, St Helens.
With over 25,000 happy customers in their remit and an excess of 15 years’ experience, the Bodyline Clinic specialises in wellness support through various forms of prescription and non-invasive medical weight loss.
As it reaches the second anniversary of its launch, the Northern Powerhouse Investment Fund (NPIF) is celebrating having directly invested £100m in 385 Northern-based SMEs, in deals that have attrated an additional £84m of investment from the private sector.
Indigo Environmental Group has secured a six-figure investment from MSIF to assist with the acquisition of Three Counties Reclamation Limited.
The Widnes-based environmental services business specialises in closed-loop and innovative recycling solutions for various industries including manufacturing and local authority sectors.