MITS Group is accelerating its growth plans following a £300K funding boost that will support the business as it broadens its services and delivers on new contract wins.

The funding has been secured through NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II).

Founded in 2019 by Director Jonathan Morgan, MITS Group has grown significantly over the past five years. Today the business employs 11 staff, supported by additional subcontractors, and has recently relocated to a new 20,000 sq ft headquarters in Middlesbrough. The new site integrates all divisions of the business — MITS Inspection, MITS Rope Access and MITS Engineering — under one roof. It also houses two purpose-built industrial radiography enclosure bays, enabling customers to access X-Ray and Gamma Ray testing on steel and pipework to detect any defects.

Originally established as an inspection and testing services company, MITS Group has expanded to deliver a comprehensive range of engineering testing services including Non-Destructive Testing (NDT), advanced NDT welding inspection and Rope Access. The team are experts in NDT of welds, working with clients across the UK to ensure assets meet the highest industry standards and compliance.

Jonathan Morgan, Director at MITS Group, said:
“The funding is helping our cash flow needs, which is allowing us to take on new contracts and identify new opportunities with increased confidence. We currently work across the UK and are aiming to expand into global markets having recently taken on some significant high-profile new contracts. The funding is also giving us the freedom to look at adding a senior manager to our team.

“We’ve been pleased to work with FW Capital. Their support feels like a big pat on the back that we’re doing the right thing as a business and gives us the confidence to expand. It’s massively assisted us.”

The Northern Powerhouse Investment Fund II (NPIF II) is a £660m fund covering the entire North of England, providing loans from £25k to £2m and equity investment up to £5m to help small and medium-sized businesses start up, scale up or stay ahead.