Software company and 3M BIC tenant, Adventoris, has secured a £500,000 investment from the Northern Powerhouse Investment Fund (npif), which has invested more than £10m across the Northern Powerhouse region.
James Clarkson, CEO of Adventoris, which has developed an innovative mobile app platform, said: “With this investment from npif – Enterprise Ventures Equity Finance, we will be able to scale up the company’s operations and expand our client portfolio of high-profile companies.
“There is a large range of funding options available for SMEs in the region, however we found working with npif to be the right option for our circumstances and needs.”
Keith Morgan, CEO of British Business Bank, said: “The North of England has long been a key region for innovation and economic growth in the UK. The Northern Powerhouse Investment Fund is now providing the financial backing to tap the growth potential of businesses across the North, helping both the regional and the national economy.”
Roger Marsh OBE, chairman of the npif SOB and chair of the Leeds City Region Enterprise Partnership (LEP), said: “I am delighted that we have hit this investment milestone and that businesses from across the region and the North of England are benefiting from this support. Supporting growing businesses is at the heart of the LEP’s work to transform the region’s economy and access to the right finance is key to achieving this.”