eligibility checklist

Funds Available

View the full list of funds available

Read more
eligibility checklist

What type of finance do I need?

Our online eligibility checklist helps you see which type of finance might be right for your business.

Read more
29 April 2014

International growth for North West businesses

To the end of March 2014, we have invested over £87 million into 265 businesses...

 Fund review

As we approach the summer months we look forward to reaching our next big milestone of £100 million of investment into North West businesses.

To the end of March 2014, we have invested over £87 million into 265 businesses and we are pleased that this investment has been matched with nearly £50 million in private sector finance.

Through our portfolio of over 250 businesses we have also created and safeguarded more than 2,000 jobs in the region.

Our fund managers have maintained their momentum from 2013 and have already made some great investments this year, including;

  • The North West Fund for Venture Capital's six figure investment into Liverpool-based Fusion Implants which has developed a surgical implant to cure lameness and restore mobility in dogs.
  • A £500,000 loan from The North West Fund for Loans Plus into Manchester-based legal software company, Rekoop.
  • A £400,500 investment from The North West Fund for Biomedical into Stuff of Life, which will be moving to Merseyside, to further develop its product 'Liforma', proven to reduce the incidence of stretch marks during pregnancy.
  • The North West Fund for Digital & Creative's investment into Manchester-based Rormix, which helps users discover music videos by independent and emerging artists via a mobile app and YouTube multi-channel network.

The North West Fund for Micro Loans

We are hoping to launch The North West Fund for Micro Loans later this quarter. The new Fund will provide finance of £25,000 to £50,000 for businesses based in the region looking to grow.

We will be hosting a launch event soon but businesses and intermediaries can find further information by clicking here.  

Exporting for Growth

The Chancellor recently said that we have to "invest more and export more, and support growth in every region of the country and all parts of the economy. Backing businesses and helping people achieve their aspirations is the key."

With this in mind The North West Fund is ideally placed to support the growing businesses in the region with the finance they need, and we fully intend to invest every penny of our £155 million by the end of next year.

In this issue of INSPIRE we focus on exporting and international trade. As the region prepares to host the International Festival for Business this summer, there has never been a better time for businesses to look at their growth plans and consider tapping into new markets overseas.

Trading your products internationally can give you an advantage over competition, however it is important to do your research and find the right emerging markets for your business.  The North West Fund has built good relationships with both the Enterprise Europe Network and UK Trade and Investment organisations and both can help businesses looking to export.

A number of the companies we have invested in are now exporting their products and building their international client base. Our Fund Managers will continue to look for more businesses that are keen to benefit from our investment, to grow their business, both here in the UK and abroad.

 

If you are interested in finding out more about equity/loan funding to help grow your business please visit: http://www.thenorthwestfund.co.uk/funds






Back to article list