Sheffield-based bridge engineering specialist EKSPAN has secured £1.4 million in debt financing to support its expansion plans. This marks the largest loan from NPIF II – Mercia Debt Finance, managed as part of The Northern Powerhouse Investment Fund II.
The company, established over 30 years ago, has been an independent entity since 2023 following a management buy-out. EKSPAN provides a full range of services, including structural repairs, diagnostics, refurbishments, and bridge bearing solutions. It operates as a principal contractor, subcontractor, and supplier, with a team of 52 employees.
The firm has played a pivotal role in high-profile UK infrastructure projects, including the glass walkway at London Bridge and the M25 Gade Valley Viaduct. The company’s growth plans focus on expanding its engineering capabilities, with an aim to increase turnover by 50% over the next three years. Additionally, EKSPAN intends to strengthen its position in the market by expanding its in-house manufacturing facilities.
The funding will allow EKSPAN to invest in its Sheffield base and accelerate its development, capitalising on the growing infrastructure opportunities across the UK.
Max Angerer, managing director of EKSPAN, said: “Securing this funding is a significant milestone for EKSPAN and comes at exactly the right time in our journey. Since returning to independent ownership, we’ve been focused on building a dynamic, highly skilled team and investing in our in-house manufacturing to set us apart in the market.
“This support from NPIF II will allow us to accelerate our growth plans, expand our capabilities here in Sheffield and strengthen our position as the leading independent bridge engineering specialist in the North. Our goal is to increase turnover and continue delivering some of the UK’s most challenging and innovative bridge projects.”
Andy Tyas of Mercia Debt added: “EKSPAN has been renowned for its bridge engineering expertise for over 30 years. Max and the team have built a strong learning culture and created a fresh impetus for growth. As the UK embarks on a fresh era of infrastructure delivery, this funding will help them to take advantage of the opportunities ahead.”
Hart Shaw Corporate Finance in Sheffield office provided fundraising advice to EKSPAN.
