Warrington-based civil engineering and groundworks company, Oxton Civil Solutions has received a £50,000 investment from NPIF through BFS & MSIF Microfinance, managed by Alliance Fund Managers, in partnership with GC Business Finance as part of the Northern Powerhouse Investment Fund.
Formed in 2020, Oxton Civil Solutions [OCS] was launched by founding director Darryl Oxton after his previous place of work ceased trading.
The search is on to find the stars of Liverpool City Region’s digital sector for inclusion in the LCR Tech Climbers 2021 list.
Following the success of the inaugural list in 2019, the second list promises to be even bigger and better and will showcase the top performing technology-led businesses that make Liverpool City Region one of the UK’s most exciting tech destinations.
The list is being run in association with BusinessCloud and will be unveiled at an exclusive event in 2021 and published online.
The Northern Powerhouse Investment Fund (NPIF), delivered by British Business Bank, has facilitated £30m of investment in the Liverpool City Region, over £15m of which has been invested directly by the Fund itself with the remainder leveraged from the private sector.
Launched in 2017, NPIF is designed to help small and medium sized businesses secure the funding they need for growth and development. It delivers equity finance, debt finance and microfinance, ranging from £25,000 to £2m.
The £30m invested to date has been across more than 80 transactions for 72 businesses in the region.
Sandhills-based, The Climbing Hangar, has received a £496,000 loan as part of Metro Mayor Steve Rotheram’s Flexible Growth Fund – powered by Growth Platform, managed by MSIF’s fund manager subsidiary, Alliance Fund Managers (AFM).
Since opening in 2011, the popular indoor rock climbing venue has been a growing hit for the city, and nationally, with five sites based across the UK employing over 100 members of staff.
Boasting half a million visits annually, The Climbing Hangar has a passionate approach towards the impact that a social, challenging, supportive, progressive and fun activity can have on people’s lives, regardless of ability, age or fitness – advocating an inclusive environment for all.
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.