Sovex Ltd, a Prenton, UK-based conveyor manufacturer, has received £100k from the Interim Northwest Venture Capital & Loan Fund (VLCF).
The company, which also has an operation in Gainsborough, employs almost 100 people. Clients include Parcelforce Worldwide, DHL, andToys R Us.
The Northwest Venture Capital & Loan Fund (VLCF), managed by YFM and AFM, is a combination of loan, equity and quasi-equity funding to support business growth.
Loans range from £50,000 to £250,000 with Equity and Mezzanine finance available up to £1m for initial investments.