Vimeo logo LinkedIn logo


npif stripes
Back to News Two men and two women in a factory standing next to lots of cardboard boxes. Man to the far right is bald and has a beard, he is wearing a navy blue suit and white shirt, he is standing next to a lady wearing a dusty pink jumper, the next lady has dark skin and is wearing a black jacket and grey top and finally to far left there is a man wearing a black suit and white shirt.

Image caption: Pix: Shaun Flannery/ COPYRIGHT PICTURE>>SHAUN FLANNERY>01302-570814>>07778315553>> 17th June 2019 Mercia Fund Managers - Total Racking Solutions Ltd Normanton, West Yorkshire Pictured L-R David Wright, Mercia, Alissia Deane, Mercia, Clare Beckwith, TRS and Keith Slinger, Managing Director, Total Racking Solutions Ltd.

23rd July 2019

Online store set to rack up sales in Europe with help of NPIF investment


Northern Powerhouse Investment FundLeeds City Region LEPNPIF - Mercia Debt Finance

A fast-growing Yorkshire e-commerce business is set to expand its sales in Europe thanks to a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund.

Established just three years ago, Total Racking Solutions is now a leading supplier of shelving and racking within the UK, with clients ranging from warehouses and logistics firms to retailers and householders. Customers include Costa Coffee, NHS , Warner Bros and Ocado.

The company, which offers rapid delivery times, employs a team of 15 at its base in Normanton and operates websites in French and Italian. The funding will allow it to launch sites in other European languages and create six new jobs.

Total Racking was founded by serial entrepreneur Keith Slinger, who has a track record in the industry, and was his first online business. The company grew turnover from £1m in the first year to £3m the following year and is on target to turn over more than £8m in the current year.

Keith says: “Following the rapid growth of our business throughout Europe, we needed a quick funding solution and approached the Northern Powerhouse Investment Fund. The Mercia team really understood our needs and responded very quickly – the whole process took just weeks from start to finish. The funds will help us to expand into other European countries and meet the growing demand.”

David Wright, Investment Manager with Mercia, said: “Total Racking Solutions has built its success on quality products and speed of service. The company has sophisticated systems in place to fulfil orders and achieves high customer ratings with few returns. We were delighted to be able to react quickly to Keith’s request and help support its move into new territories within Europe.”

Mark Wilcockson at British Business Bank, said: “We are pleased that NPIF has continued to support high-growth businesses in the North, providing vital funding to enable job creation and expansion into new markets. This investment demonstrates how this funding can make a real and measurable difference to businesses across the Northern Powerhouse region, which helps create a more prosperous regional economy.”

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).

Editors Notes      

Find Out More

If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to 'Funds Available' to find the Fund Managers operating in your area

Signpost microfinance icon


£25k – £100k

Microfinance page
Learn More
Debt finance icon of a road map

Debt Finance

£100k – £750k

Debt Finance page
Learn More
equity finance icon

Equity Finance

£50k – £2m

Equity Finance page
Learn More

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Northern Powerhouse Investment Fund news and information