Sore Paws: Veterinary Clinic Expands with NPIF II Funding
Deal News | Dec 03, 2024 | Mercia Fund Management (Mercia Ventures)

Sore Paws Veterinary Clinic, an independent veterinary practice based in Newton Aycliffe, has secured £400,000 in funding from NPIF II Mercia Debt Finance to expand its operations. The substantial capital will facilitate the development of a new, purpose-built facility three times the size of its existing clinic. It will feature modern amenities, including five consultation rooms, two operating theatres, and specialized areas for both cats and dogs. The expansion includes plans to grow the staff from four to seven veterinarians and to increase the number of nurses. This funding follows the practice's impressive growth trajectory; its client base includes 48,000 registered pets. Founded by Dr. Sarah Holmes in 2015, the clinic combines modern veterinary practices with a community-focused approach. Supported by the Northern Powerhouse Investment Fund II, this growth aligns with objectives to drive economic development in Northern England, fostering business innovation and increasing the region's access to early-stage finance.
Sectors
- Veterinary Services
- Financial Services
Geography
- United Kingdom – The article focuses on a veterinary practice located in Newton Aycliffe, UK, and involves funding from a UK government-backed fund (NPIF II).
- North East England – The practice is located in Newton Aycliffe, which is specifically situated in the North East region of England, an area targeted by NPIF for investment.
Industry
- Veterinary Services – Sore Paws is part of the veterinary services industry, providing medical care and treatment for pets.
- Financial Services – The involvement of NPIF II Mercia Debt Finance represents the financial services sector providing loans for business expansion.
Financials
- £400,000 – The amount of funding received by Sore Paws from NPIF II Mercia Debt Finance.
Participants
Name | Role | Type | Description |
---|---|---|---|
Sore Paws Veterinary Clinic | Target | Company | An independent veterinary practice in Newton Aycliffe expanding its operations with new funding. |
Mercia Fund Management (Mercia Ventures) | Debt Finance Provider | Company | The investment firm managing the NPIF II funds used to provide loans for business expansion. |
Northern Powerhouse Investment Fund II (NPIF II) | Funding Source | Government | A government-backed fund providing financial support to businesses in Northern England. |
Dr. Sarah Holmes | Veterinary Director and Founder | Person | Founder of Sore Paws Veterinary Clinic leading its expansion. |
Aaron Holmes | Practice Manager | Person | Dr. Sarah Holmes' husband and practice manager at Sore Paws. |
Paul Grace | Broker | Person | Provided fundraising advice to Sore Paws from YBFA. |