Success Story
One of the North East’s most established plant hire businesses is set to build on decades of success after securing an investment from NPIF II - NEL Debt Finance, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).
| Region/Nation | North East |
|---|---|
| Sector | Haulage and Logistics |
| Programme | Northern Powerhouse Investment Fund II |
| Partner |
Mechplant based at the Port of Tyne in South Shields, has secured the funding to help it scale and execute the next stage of its strategic development and ambitious growth plans.
Operating across Tyneside, Wearside, Durham, and Teesside, Mechplant is one of the most recognisable names in the regional plant hire industry. With a proud history spanning several decades, the company provides a wide range of specialist services focused on mobile crane hire.
The funding will be used to further strengthen Mechplant’s operational capacity and invest in its equipment fleet, enabling it to better meet increasing demand from the construction and civil engineering sectors across the North East. It also supports Mechplant’s strategy of scaling the business to serve a growing client base while maintaining its strong reputation for reliability, service, and safety.
Director Stephen Makinson says the investment is a key enabler in Mechplant’s ongoing growth journey:
This investment marks an exciting milestone for Mechplant as we continue to grow and strengthen our presence across the North East. The support from NEL has been invaluable, and their team really understood our vision and ambitions from day one.
The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
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