With the success of its recent product development and a growing order book from customers worldwide, Micropore has secured a further £860,000 investment to support the expansion of its UK manufacturing facility and its business development team. This new funding includes £750,000 from NPIF - Mercia Equity Finance (which is managed by Mercia Fund Managers as part of the Northern Powerhouse Investment Fund) and further funding from UK Steel Enterprise. These new funds take the total raised by the company to date to approximately £1.5m.
After years of patient technology and product development Micropore has proved its products and markets and is ready for rapid growth. New investment will provide the vehicle to achieve those global growth ambitions.
Dai Hayward, Micropore CEO
Micropore’s technology is a fine example of British engineering and that it provides an effective and scaleable solution for its target customers. This funding will allow the company to expand its reach into new geographical areas and new market sectors.