News

Back to News

15th May 2018

U.S. Expansion for Leics-based business gets green light

A Leicestershire-based business which specialises in bespoke LED design and installation will see its ambition to expand further into the United States’ market realised, thanks to crucial funding from the Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, through a small business loan from appointed fund managers Enterprise Loans East Midlands.

Ventola Projects, which operates from Anstey and a factory in Blaby, was established in 2007 by managing director Mick Ventola following more than 25 years’ experience in the industry working within electrical contracting and data systems.

The company specialises in delivering bespoke LED requirements, supplying the whole solution from initial design, manufacture, supply and installation, with a particular expertise in the leisure sector.

Speaking about the firm, Mick Ventola, managing director at Ventola Projects, said:

“We’ve been involved in lighting for more than ten years now, but my personal experience goes back further than that. I started out in 1989 as a sole trader working in electrical consultancy and during this time I started nurturing business connections across the world, from the U.S. to the Middle East, as well as back home in the U.K, expanding into new markets and sectors.

“Since then we have gone on to deliver some very high profile projects including work on palaces for the emir of Qatar and home of a Kuwaiti sheikh, which have both been an amazing experience. On top of that, we’ve also extended our links with a company in the States who will now supply our branded products as our official distributor for this region.”

Ventola’s main product is the VAvR range, a multi-function LED system that can switch from general lighting to colour changing mood lighting or UV glow effects. The products are computer-controlled and low voltage, so are quick and cost-efficient to install.

Through Enterprise Loans – one of the three fund managers responsible for the debt finance available through the MEIF - Ventola Projects has been supplied with £25,000 in order to help facilitate the firm’s expansion in the U.S, including attaining certification, manufacture forward stock and investing in marketing and PR activity.

Sukhveer Chirrimar, loan fund advisor at Enterprise Loans East Midlands, said:

“Mick is incredibly switched on - no pun intended - with his business and the in-depth planning and strategising he has undertaken, all of this hard work is now bearing fruits. He is very focused and understands what he needs to grow the business and now has a massive opportunity to break into the US market by supplying one of the country’s largest leisure product manufacturers.

“We are delighted to help Ventola Projects realise their ambition and it is truly great to see an East Midlands–based firm achieving such international success. We wish them every success in the future.”

Grant Peggie, director at British Business Bank, said:

“We are pleased to be able to support Ventola Projects in entering large-scale markets such as the US. It clearly demonstrates how the Midlands Engine Investment Fund aims to support the region’s firms, in this case in raising their profile and increasing their competitive edge overseas.

“We look forward to seeing the progress of Ventola and expect its upward trajectory to continue.”

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

For more information on Enterprise Loans visit www.first-enterprise.co.uk or follow @1st_Enterprise on Twitter.

Follow @midsenginv


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

Find Out More

If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area

Small Business Loans

£25k – £150k

Learn More
debt finance

Debt Finance

£100k – £1.5m

Learn More
equity finance

Equity Finance

£50k – £2m

Learn More

Proof of Concept

Up to £750,000

Learn More

Follow @midsenginv


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Northern Powerhouse Investment Fund news and information