GI UK Medical secures £650k from NPIF, Mercia Equity Finance to develop supply partnerships and sales.

GI UK Medical has secured £650k from NPIF, Mercia Equity Finance to support its next phase of growth. The funding will enable the North Yorkshire medical device supplier to forge global supply partnerships and roll out its initial sales and marketing strategy.

Founded by Andy Fox, Andy Smith and Lawrence Wade, the company focuses on gastroenterology products designed to improve patient care while lowering costs for the NHS and private providers. Its offerings include an innovative capsule endoscopy system that provides an alternative to traditional invasive colonoscopies.

With the fresh capital, the business plans to recruit two new sales staff as it establishes its presence as a supplier for the NHS. The firm has already attained the ISO 9001 quality standard required to trade and secured several exclusive commercial deals.