Agility 1st for MSIF

Agility, a chemical logistics business formed as the result of a management buyout from ICI, has received buyout funding to the tune of £1.7m from the Merseyside Special Investment Fund, Barclays and a Regional Selective Assistance grant from the UK’s Department of Trade and Industry. This is the first company to be backed by the £80m Merseyside Special Investment Fund.

Agility will move to Merseyside where it is expected to create 28 full time jobs over the next three years. Businesses operating in or relocating to Merseyside are eligible to apply for loans and equity packages that are administered through the Small Firms Fund, which invests between £3, 000 to £75,000, the Mezzanine Fund, which invests £75,000 to £600,000, and the Venture Fund, which invests £250,000 to £1.25m.

Agility’s management team is comprised of Philip Browitt as managing director and formerly ICI’s logistics director, Nic Holmes as finance director, John Quayle as commercial director and Tony Kelly as procurement director.

Agility places in excess of £130m of freight procurement business each year and is one of the largest buyers of chemical freight and shipping space in Europe. Its areas of operation include international container shipping, bulk shipping, airfreight, packaging/ storage and pan-European road, rail and warehousing. It specialises in modeling, benchmarking and marking efficiency improvements to its customers’ supply chain.