A security products firm based in West Yorkshire has secured a £500,000 loan from Mercia Fund Managers to step up production of its range of hostile vehicle mitigation (HVM) barriers made from recycled rubber.
PSSA member Rosehill Security, which is based in Sowerby Bridge, has received the funding from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund and Mercia’s EV SME Loans Fund.
The division of Rosehill Polymers has developed a range of innovative vehicle security barriers (VSBs) that can be rapidly deployed to protect people and buildings from vehicle as a weapon (VAW) attacks.
The barriers have been selected by security forces, event organisers and sports clubs across the globe and have been used in locations ranging from the London Marathon to the Ministry of Finance in Paris.
The investment will be used to scale up the manufacture of its current product portfolio to meet the growing demand for VSBs and to develop additional products.
Rosehill Polymers Group was founded in 1988 and now employs 100 people across six operating divisions producing coatings, adhesives, railway crossings, coloured rubber granules for playgrounds and traffic calming products.
Dr Alexander Celik, Group Managing Director of Rosehill Polymers Group, said: “The protection against VAW attacks has fast become a high priority across the world. As a result, we’re seeing growing demand for Rosehill Security’s range of HVM and perimeter security solutions products. This investment will allow us to move forward with our plans to increase production capacity, improve efficiency and continue to develop the product range.”
Jonathan Craig, Investment Manager at Mercia, added: “Rosehill Polymers Group’s bold approach has paid off, allowing the business to successfully diversify and develop new markets. This funding will allow it to continue its expansion and step up production to meet growing worldwide demand.”
Mark Wilcockson, Senior Manager at British Business Bank, said: “Since its launch in 2017, NPIF’s impact on businesses has been wide-ranging, providing funding to launch new products, employ new staff, enter new markets and acquire new facilities. We are pleased that NPIF is continuing to unlock the North’s growth potential by supporting small businesses with vital investment.”
The NPIF project is supported financially by the European Union using funding from the European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.