Mercia invests £13.3m in Midlands firms in 2018

7th January 2019

Warwickshire-headquartered Mercia Technologies (Medilink WM member) invested £13.3m in Midlands businesses in 2018.

The total is up from £11.3m the previous year after the listed company invested in 22 businesses in the region.

That included Sigmavision of Bicester which has created a tyre scanner, Coventry-based Arc Vehicle which developed a new electric motorbike, battery technology firm Aceleron in Birmingham and Adapttech which has found a new way to fit artificial limbs.

Mercia, which is based in Henley-in-Arden, manages funds including the £23m Proof-of-Concept and Early Stage Equity Fund, part of the Midlands Engine Investment Fund.

During the year, the group invested £59.7m in total throughout the UK, with more than 90 per cent of it going to businesses outside of London and the South East.

It also increased its third party funds under management from £350m to more than £400m at 31 December. Read the full article here.

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