The English Marquee Company has raised a six-figure funding package from Northern Powerhouse Investment Fund II (NPIF II ), managed by Mercia Debtis. The funding also contributes to the bid to drive economic growth to support growing businesses across the North of England.
The £660m NPIF II is designed to increase the supply and diversity of early-stage finance for the North’s smaller businesses, providing funds and investment for up to £2m to firms that might otherwise not receive investment and help to break down barriers in access to finance.
One of a growing number of marquees that the business offers, alongside its glass orangeries and more traditional pole tent range, is the 500 sq. ft. structure, known as the Nord, that consists of glass panels with a gleam frame – a more sustainable alternative to steel, which can hold up to 350 people .
The North-Yorkshire based business that was founded by brother and sister Sam and Victoria (Tor) Peters provides structures for corporate events. Customers include Newby Hall and Grantley Hall in Yorkshire and leading event planners.
Tor Peters commented: “This latest funding from Mercia and NPIF allows us to add another innovative marquee to our range in line with our aim to create the most sought-after event spaces.”
Andy Clough of Mercia Debt, said: “The business has been growing exponentially … Mercia and NPIF have provided several rounds of funding to help them build their product range and are pleased to have played a part in their success.”
Lizzy Upton, senior manager at the British Business Bank, said: “The events industry has really picked up over the last two years. It’s brilliant to watch Yorkshire businesses like the English Marquee Company using NPIF II to capitalise on this, using the Fund to purchase new equipment to support its growth and unlock potential in the region.”
