Lab Systems Furniture secures loan to boost growth and capacity

Lab Systems Furniture, a manufacturer of high-specification laboratory furniture headquartered in Hull, has successfully secured a £100,000 loan from NPIF II Mercia Debt Finance, managed by Mercia Fund Management. This funding, part of the Northern Powerhouse Investment Fund II initiative, will allow the firm to expand into new premises, thereby tripling its existing workspace and facilitating the creation of two new jobs. Founded in the 1890s, the company has evolved from making school furniture to serving major pharmaceutical, biotech, and educational institutions. Despite its established reputation, Lab Systems Furniture has faced growth constraints due to limited workshop and warehouse space. The secured funds will support its move to a 12,000 sq ft facility at Sutton Fields industrial estate in Hull, enabling the company to meet increasing demand catalyzed by rising science park developments. The expansion will also involve investment in new machinery, allowing the company to explore new product lines like classroom furniture. The Northern Powerhouse Investment Fund II aims to drive sustainable economic growth by enhancing financial diversity and accessibility for small and medium-sized enterprises across Northern England.