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.
SME funding provider MSIF, has raised a total of £20,155 for Alder Hey Children’s Charity, as the chosen beneficiary of their 25th Birthday Celebration.
The event took place on October 17th at the Titanic Hotel Liverpool, and brought together over 420 guests from across the North West Region including past and present directors and employees of MSIF, local businesses supported by the company, and key partners from the professional services and public sector.
MSIF have appointed experienced tech-specialist, David Walters, to their Investment Management team.
David has over 20 years’ experience working within the tech sector and has been involved in a number of trade exits; placing technology and data at the heart of the business to create rich IP. David was also one of the UK’s first data and digital investment directors at NorthEdge Capital and supported Fund:TMT as a member of the advisory board, helping with the technology analysis of potential investments.
Following a successful second year, The Liverpool Sportswoman’s Lunch (LSL) has smashed its fundraising target and raised £10,764 for the Encephalitis Society.
The event, which welcomed Olympian Rebecca Adlington OBE as guest speaker, raised an astonishing £4k more than the inaugural event in 2018. The final total comprised ticket sales, donations and the proceeds from a raffle at the event that took place at DoubleTree (Hilton), Liverpool in September.
MSIF, which this week celebrates 25 years in business, has announced plans to merge the team of investment company SPARK Impact Limited with that of its regulated fund management subsidiary Alliance Fund Managers (AFM).
The agreement will see SPARK Impact Director Mark Borzomato appointed as Chief Executive of AFM and an experienced equity investment team of Marc d’Abbadie, Jerry Mobbs and Lynsey Barnes join the existing AFM business.