Southport firm Radwraps secure £50k funding deal May 13th, 2014 admin Latest News Shares Comments Southport firm Radwraps secure £50k funding deal A FIRM which has developed a range of radiator covers and decorative prints has secured a £50,000 loan from the Merseyside Special Investment Fund (MSIF). Radwraps, based in Birkdale, Southport, has developed a magnetic material that allows people to decorate their radiators without affecting the heat output. It will use the cash to fund manufacturing costs and securing licensing agreements and is aiming for a turnover of around £670,000 within three years. The business was set up by father and son John and James Maddocks. Along with fantastic design features Radwraps also have no heat loss, and can be trimmed to any size radiator. Submit News Contact us with your community, business or sport news. Phone 07930717137 Email [email protected] Twitter www.twitter.com/onthespot_news Facebook www.facebook.com/otsnews.co.uk Related Comments comments!