MSIF has recently provided Liverpool based business, Alphasonics, with a £75k loan, allowing them to expand their global market position by establishing a second base in Virginia, USA.
The £75k loan comes from the NPIF – BFS & MSIF Microfinance Fund, part of the Northern Powerhouse Investment Fund. Alphasonics is a premier supplier of Ultrasonic cleaning systems. The business was created in 1993, by Managing Director David Jones.
MSIF have committed the full £5 million pounds of their High Growth Business Investment Programme.
The programme which was launched in 2015 saw MSIF investing £75k - £1m to businesses, through grants of up to 20% of the overall project costs, to help businesses wishing to expand or relocate in the Liverpool City Region, with the aim of creating and preserving jobs in the area.
Lee Mitchell and Alexandros Brits have set up Sort Rehearsal Rooms, a state of the art facility in the Baltic Triangle, with the help of a £50,000 investment from MSIF, in the form of two £25,000 Start Up loans.
Sort Rehearsal Rooms is a space for musicians who wish to rehearse, record or store their equipment. The aim of the business is to help musicians make it in the music industry.
A couple from Warrington have realised their dream of running a business with backing from Liverpool-based funding provider MSIF.
Mangobean has been opened by John and Dawn Steer in the Green Oaks Shopping Centre in Widnes.
Delta Rock Group, an electrical engineering business based in Sandycroft, has been acquired by Scott Davis, with the support of a mezzanine loan facility from MSIF.
Delta Rock Group, incorporated in 1990, has grown organically and has traditionally had a focus on electrical installation within the industrial and process sectors. Delta Rock Group has strong existing relationships with the NHS, local education authorities and with many of the UK’s blue chip manufacturing and process companies.
A semi-finalist from the hit TV show Ninja Warriors has opened his own ninja-style gym and fitness studio in Liverpool.
Henry Cookey, who has his own personal training business, has opened HC:Fit Ninja Training just outside Liverpool city centre, close to Sandhills train station.
The main emphasis of the facility is the ‘ninja training zone’ which is fitted out with a range of obstacles and activities similar to Ninja Warriors and assault courses such as Tough Mudder. There is also a gym and fitness studio.
A Liverpool-based family business that imports food products from Italy to supply to restaurants around the UK is expanding with backing from business funding provider MSIF.
In Tavola Italian Food & Wine Company Limited was set up in 2014 and is run by brothers Donato, Carmine, Paolo Cillo and their sister Maria.
They arrived in Liverpool 10 years ago from their native Italy and set up several businesses including Paulo & Donato’s Italian deli in Williamson Square and Crust, a pizzeria and pasta restaurant which has a venue on Bold Street with a second site due to open soon in Woolton village.
The British Business Bank (BBB) has announced the opening of the Northern Powerhouse Investment Fund (NPIF), as well as the appointment of fund managers who will identify and make the investments in SMEs across the Northern Local Enterprise Partnerships (LEPs).
Liverpool MSIF has been appointed to jointly manage the £10m NPIF-BFS & MSIF Micro Finance Fund with Business Finance Solutions to provide loans between £25k and £100k to SMEs across the North West.
Liverpool head-quartered property restoration specialists Forshaw Group have performed so well they have repaid the investment made by business funding provider MSIF 3 years ahead of schedule.
MSIF provided a £500k investment three years ago to fund a management buy-out led by current directors Liam Hanlon and Jay Calvert. The company was originally set up in 1948 and was a second generation family business before the MBO.