Radical Forge secures a significant £2.6m investment from NPIF II, aiming to expand its team and projects.
- The investment will facilitate the creation of 15 new jobs, supporting growth in the gaming industry.
- This financial boost comes as part of the Northern Powerhouse Investment Fund, aiding small and medium enterprises in the North of England.
- Radical Forge has a history of successful partnerships and game development, contributing to well-known titles and creating award-winning games.
- The studio plans to launch its own game, Southfield, as part of its expansion strategy.
Radical Forge, a games studio based in Middlesbrough, has successfully raised £2.6 million from the Northern Powerhouse Investment Fund II (NPIF II) through Mercia Equity Finance. This funding is expected to play a pivotal role in expanding the company’s capabilities by creating 15 new jobs and supporting the development of new projects. The founders, Bruce Slater and Freddie Babord, both graduates from Teesside University, have expressed their satisfaction with this development, which will help them pursue larger contracts and launch their own gaming titles, such as the upcoming game Southfield.
The funding signifies not only a financial boost but also an endorsement of Radical Forge’s potential in the gaming industry. Established in 2017, the studio has grown to employ around 70 individuals and has collaborated with leading names in the industry on titles such as Gang Beasts, Sea of Thieves, Golf With Your Friends, and Zombie Army 4. Its own creation, Bright Paw, received critical acclaim and won Best Puzzle Game at the NYX game awards in 2020.
With this financial backing, Radical Forge continues to solidify its presence in the gaming world. The studio’s expansion includes a new publishing division, aiming to capitalize on emerging opportunities within the sector. CEO Slater emphasizes the importance of maintaining the studio’s unique culture while driving growth. This financial support will enable the team to attract top talent, expanding their skill set and securing more complex projects.
Mercia Ventures, which manages the NPIF II funds, sees Radical Forge as a promising candidate for growth, particularly in the current market where many larger gaming companies are downsizing. This situation allows Radical Forge to recruit skilled developers, a strategic advantage supported by the NPIF II’s broader goal to foster economic growth by aiding small and medium enterprises across Northern England.
The Northern Powerhouse Investment Fund II is a substantial financial resource, extending loans and equity investments to support economic development. Its involvement with Radical Forge underscores a commitment to nurturing innovation and creating opportunities in the North of England.
This funding marks a significant step forward for Radical Forge, positioning them well for continued growth and success in the gaming industry.
