Lincolnshire entrepreneurs secure £130k investment

Angela Meah, co-founder and director of Exuvi8, added:

“The funding from First Enterprise – Enterprise Loans has not only allowed us to safeguard our team’s jobs but is also enabling us to put other measures in place which will ensure that we are in a strong position to be able to grow after the pandemic.”

Matthew Wright, investment manager at First Enterprise – Enterprise Loans, commented:

“We are delighted to be able to support Tim and Angela to safeguard their business during these difficult times.

“Knowing they have previously worked on the world’s first hybrid, liquid-cooled data centre, I’m sure Exuvi8 will be a huge success after the COVID-19 restrictions are lifted.”

Lewis Stringer, senior manager at the British Business Bank, said:

“This funding package from MEIF, backed by CBILS is another example of the support available to help businesses to not only manage the disruption caused by the COVID-19 pandemic but to diversify and grow. We’d encourage other businesses in a similar position to consider the options available through MEIF.”

Pat Doody, chair of the Greater Lincolnshire LEP, said:

“As the digital world grows, so does the need for greater energy efficiency when it comes to storing large amounts of data. It’s really pleasing to see the continued growth of this entrepreneurial Lincoln business, and it’s equally encouraging to see that MEIF funding is available to support businesses through this tremendously challenging period.”