Pentagon secures £2m investment

Pentagon Chemicals, based in Halebank near Widnes, has secured a £2m funding package from a government-backed investment fund. The investment has been made by the Manchester office of Maven Capital Partners, which is managing the northern part of the £75m Capital for Enterprise Fund. Pentagon said the cash would be used to support its growth and development plans as a manufacturer of organic intermediaries for use in the life science, petrochemical and speciality chemicals markets. The business employs 160 staff at sites in Halebank and Workington in Cumbria. For Insider comment, click here.