Inovus Medical (Inovus), a designer and manufacturer of medical and surgical simulators, has quadrupled headcount and expanded overseas after receiving a series of investments from the Northern Powerhouse Investment Fund (NPIF).
The St Helens-based company was set up in 2012 to create tools designed using augmented reality and additive manufacturing (3D printing) to facilitate and improve teaching and learning within the healthcare industry. Using industry and research-based knowledge, co-founders Dr Elliot Street and Jordan Van Flute are plugging the market gap for increased access to surgical training equipment. They currently supply over [60 per cent] of all NHS trusts.
Popular bohemian jewellery brand, ChloBo™ has received a £75,000 investment from NPIF, backed by CBILS – through BFS & MSIF Microfinance, managed by Alliance Fund Managers [MSIF’s fund manager subsidiary] in partnership with GC Business Finance as part of the Northern Powerhouse Investment Fund.
With headquarters situated in Chester Business Park, ChloBo™ was founded as the original ‘stacking’ brand of jewellery, inspired by travel and freedom. All pieces are curated and designed in the UK and are made from a mix of metals including solid sterling Silver and Rose Gold and Gold plated versions.
Following the recent launch of their dedicated Coronavirus Recovery and Resilience Fund [CRRF], Liverpool-based funding provider MSIF has reinforced its support for North West SMEs impacted by the Covid-19 pandemic by increasing its commitment to the CRRF to £3million.
The CRRF is available to support businesses which were viable prior to the Covid-19 pandemic but have been adversely affected by its impact. The fund is supported by the government’s Coronavirus Business Interruption Loan Scheme [CBILS] guarantee and can provide loans of up to £250,000 per applicant, without the need for any personal guarantees.
Liverpool based SME funding provider MSIF is continuing to support regional businesses impacted by the Coronavirus pandemic following the recent launch of their dedicated Coronavirus Resilience and Recovery Fund (CRRF).
North West Linen Services Ltd, a provider of laundry and linen hire services to hotel and hospitality clients throughout the North West, is one business that has successfully accessed the fund, and the Coronavirus Business Interruption Loan Scheme (CBILS) guarantee, to secure a £100,000 investment.
Liverpool-based funding provider MSIF is looking to further support and expand its offering to SMEs across the North West impacted by the Covid-19 pandemic.
As an accredited lender of the Coronavirus Business Interruption Loan Scheme (CBILS), MSIF has, through its Merseyside Loan & Equity Fund (MLEF), made £1million of its own capital available to support businesses under the scheme with loans of up to £250,000.
The MSIF Finance Hub has now supported over 1,500 businesses from the Liverpool City Region in their efforts to secure funding.Launched in June 2017, the MSIF Finance Hub works with growing Small and Medium sized Enterprises (“SMEs”), start-up ventures and aspiring entrepreneurs to prepare them for funding success and act as a single point of access to finance for the City Region.
A new £20 million fund designed to support sustained growth for Liverpool City Region’s most ambitious businesses, is about to launch. Established by Steve Rotheram, Metro Mayor of the Liverpool City Region and managed by MSIF, the Flexible Growth Fund will open to any business in the City Region undertaking a growth project.
It aims to generate new jobs in the city region, remove obstacles to business expansion, and enable a new generation of ‘change-makers’ that will set Liverpool City Region up for long-term growth.
The Northern Powerhouse Investment Fund (NPIF) which is delivered by the British Business Bank, has invested over £10m into businesses across Cheshire and Warrington.
The information and communication technology sector was the most prolific securing a total of £3.6m worth of funding across nine businesses across Cheshire and Warrington closely followed by the professional, scientific and technical activities sector which also saw significant activity with fourteen businesses receiving £3.3m worth of investment.
Creative agency, Elephant Digital Ltd, has received a £50,000 investment from NPIF – BFS & MSIF Microfinance, managed by MSIF in partnership with GC Business Finance as part of the Northern Powerhouse Investment Fund.
Based at Liverpool Science Park, Elephant specialises in reimagining ‘brand experiences’ and building technology platforms that drive accelerated growth.