NPIF microfinance deal for Stockport digital media firm

Stockport based 9Ways Digital Media has secured a £55,000 loan from NPIF – River & GC Microfinance, part of the Northern Powerhouse Investment Fund (NPIF).

Established in 2019, 9Ways Digital Media provides audio-visual media services for the healthcare sector, and during the Covid-19 pandemic, expanded its offer to include digital solutions and social media support for pharmacies and other businesses with the sector.

The business now has a portfolio of over 400 clients and the microfinance support from NPIF – River & GC Microfinance (managed by GC Business Finance and River Capital) will enable the business to continue on its growth trajectory. The loan will also support the recruitment of two additional team members, bringing its headcount to nine, and assist with working capital requirements.

9Ways Digital Media Managing Director Stephen McGee said:

“We’ve already been able to build the business to become a market leader, with this new loan signifying a bold next step. By working with Andy [Nicholls at GC Business Finance], we were able to create a funding package that aligns with our various strategic growth plans, ensuring funding is entirely bespoke and targeted.

“As we look to expand our service offering into new markets, the next few years promise to be just as exciting for us.”

Andy Nichols, Senior Loan Manager at GC Business Finance, commented:

“The work that Stephen and the team have done over the past four years is nothing short of remarkable, now boasting clients across key areas of the NHS on a national scale.

“It’s been a pleasure to work closely with the team to build this funding package, ensuring this innovative business continues to expand and grow. I look forward to seeing what’s next for the team over the next few years.”