The commercialisation firm will manage a total of $135m in funding, allocated through the Northern Powerhouse Investment Fund.
Mercia Technologies, a UK-listed fund manager, has won two contracts to manage an aggregate £108.5m ($135m) for the state-owned British Business Bank’s new Northern Powerhouse Investment Fund targeting entrepreneurs in northern England.
Mercia, through its subsidiary Enterprise Ventures, will manage £57.5m as an equity fund and a further £51m as a debt fund to invest in small and medium-sized enterprises in Yorkshire, the Humber and Tees Valley regions of the UK.
This is part of the £400m Northern Powerhouse Investment…
