A Queen’s Award-winning company that supplies bearings worldwide is set to boost exports to South America after securing £500,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). Quality Bearings Online, based in Leeds, currently supplies manufacturing and engineering firms in over 120 countries, with exports accounting for more than 90% of turnover. The business, which is led by Denny Maude and Simon Riley, currently employs 27 staff. NPIF II funding will also provide additional working capital to support growth plans.
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