SME investor Mercia Fund Managers sets up Newcastle base

Loan and equity investment provider Mercia Fund Managers has opened its first Newcastle office.

The launch of the new base, located at the City Quadrant building on Waterloo Street, follows Mercia’s appointment as fund manager for the £27m North East Venture Fund.

From its Newcastle office, the company will invest in SMEs across Northumberland, Durham and Tyne and Wear.

Existing investments in the region include Newcastle VR firm Luminous Group and AI software sales business Refract.

Elsewhere, Mercia has expanded its North East team with the appointment of Jan Oosthuizen as investment manager.

Jan has eight years of experience in accountancy and finance, including in audit and advisory roles. He previously worked for professional services giant PwC.

Ian Wilson, head of Mercia’s North East investment team, said: “Mercia has a strong track record of supporting regional businesses with high growth potential and we are already active in the North East.

“However with the launch of the Venture Fund and the Newcastle office, we will be stepping up our operations in the region and continuing to build our team.”

He added: “We look forward to working with the North East Fund and other partners to support the next generation of emerging stars.”

The North East Venture Fund invests up to £1m in businesses with high growth potential. It is part of the £120m North East Fund, supported by The European Regional Development Fund.

Mercia’s Newcastle office will be its ninth UK location.

 

BDAILY ARTICLE

 

Leave a
comment

Read more posts

Five new appointments for North…

06.07.2022

North East tech firm Excelpoint has enjoyed a positive first-quarter performance with increased sales and recognition in the FSB, North East Business, and Aycliffe Business Park awards. It has continued…

Read more

New study to tackle barriers…

05.07.2022

“Action is needed urgently to ensure everyone can benefit from early diagnosis of prostate cancer”   Researchers are working with members of the Black community to develop and run workshops…

Read more

CLOUD EXPERTS HTG ON EXPANSION…

05.07.2022

SECURE cloud expert Howell Technology Group (HTG) is on the expansion trail, doubling the size of its premises in a move that will allow it to create at least 20…

Read more

Catch the latest @north_biz In Conversation with Andrew Doubtwaite, CTO @virtualarmour. Find out about emerging threats and any differences between the states and Europe. youtu.be/ou9NpSpJ1xo

Join our
mailing list