Intercity Technology announces £2m investment in Birmingham

Cloud computing and IT security specialist Intercity Technology has pledged to invest more than £2 million into the Birmingham region over the next year. The company plans to construct a new data centre in the city which will complement its existing UK facilities in Bolton and Hertfordshire. The new data centre will provide the additional infrastructure […]

VC Mercia Technologies outlook confident as profit rises

Mercia Technologies PLC has announced profit growth in the first half of its current financial year on the increased value of its portfolio. The Henley-in-Arden based technology investor said pretax profit rose 36% to GBP 1.9 million in the six months to the end of September, up from GBP 1.4 million reported for the same period a […]

Beech Tree plans buy-and-build strategy after major investment in IT business

Birmingham investmeent company Beech Tree Private Equity plans to execute a buy-and-build strategy after completing a significant investment in BCN Group, a fast-growing IT managed services company. Beech Tree has been looking to invest in the sector due to the rapid growth in demand for the provision of cloud managed services and will support BCN with […]

Midlands gets £19m boost for self-driving technology

The research and development of connected and autonomous vehicles (CAV) in the West Midlands has been given a £19m funding boost. Mayor of the West Midlands Andy Street said the additional money for the Midlands Future Mobility project would help ensure the CAV sector played an increasingly important role in building a “resilient and future-proof” […]

Software provider Unique IQ receives funding boost from Midven

Redditch software provider Unique IQ serves the health, social care and cleaning sectors has received a significant investment for expansion. Unique IQ has received the money from venture capital firm Midven, which was recently appointed to manage the £35m equity portion of the Midlands Engine Investment Fund (MEIF). The company, which was founded in 2003, […]

CityFibre announces £2.5 billion full fibre expansion plan

The investment will see five million homes receive full fibre meeting a third of the target set by government Five million homes are to be connected to full fibre network thanks to aa £2.5 billion investment from CityFibre. Over 37 towns and cities across the country will now benefit from superfast broadband speeds capable of […]

Birmingham-based VC firm invests £250,000 in Warwickshire’s MEIF

A Birmingham-based venture capital firm has invested £250,000 into an electronic design and development provider in Warwickshire. Midven has taken the stake in Assembled Electronics Solutions (AES) after it was appointed to manage the £35m equity finance portion of the Midlands Engine Investment Fund (MEIF) in the West Midlands. The investment will give Warwickshire-based AES […]