2nd June 2021
Mercia – which is one of the leading providers of funding to regional SMEs – has expanded the team at its Leeds office and announced a key promotion.
Will Schaffer, who is a member of the team which provides businesses with venture capital from the Northern Powerhouse Investment Fund (NPIF), has been promoted to Investment Director. Will has more than ten years’ experience in corporate finance and industry. Having started his career in Washington DC, he worked with KPMG in Leeds before joining Mercia in 2018.
Meanwhile Emily Latus joins as Fund Administrator within the same team. Emily has spent three years working in finance, most recently with the Business Enterprise Fund in Bradford.
Will Clark, MD of Mercia’s regional venture funds, said: “The Northern Powerhouse Investment Fund is making a real difference by supporting business growth and jobs in the region. Will’s promotion recognises the contribution he has made while Emily’s arrival will help support its work in the future.”
Grant Peggie, director at British Business Bank, said: “The Mercia team has played a key role in NPIF since its launch in 2017 making a difference to businesses of all sizes, particularly across Yorkshire, Humber and Tees Valley. It is therefore encouranging to see the Mercia team being strengthened and team members being promoted.
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
Enterprise Ventures Limited is authorised and regulated by the Financial Conduct Authority (FRN: 183363). EV Business Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN: 443560).
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