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28 April 2015

Cliff Maylor, CEO, North West Business Finance Ltd

Welcome to the spring edition of INSPIRE…

Cliff Maylor edit

I am pleased to say that 2015 has started very positively for our individual fund managers, who are building momentum after a strong performance in 2014. It has been a busy few months for The North West Fund. We continue to work closely with our stakeholders to ensure there will be further funding streams available beyond 2015, to benefit North West SMEs.

Throughout quarter one; we have continued to make investments into growing businesses, bringing the overall total to £118 million invested into 360 businesses. The Fund Managers are working hard to ensure that we are fully invested and our strong pipeline suggests that we are on course to meet our targets.

To date, our finance has been used to create and safeguard more than 3,500 jobs in the North West. It was reported last month that unemployment in the region remains above the national average of 5.8%, currently standing at 6.5 %.  At The North West Fund we are already playing a part in boosting the local economy and helping to reduce the unemployment figure. Our Loans Plus team recently invested in The Contact Company, based on the Wirral where our finance will be used to support the creation and safeguarding of hundreds of jobs. You can read more about this later in the Newsletter.

There is some uncertainty at the moment as we approach the general election and we await the outcome in May to see the impact it might have on small businesses.

In the meantime, I hope you enjoy the rest of the Newsletter.

Kind regards,

Cliff Maylor
CEO of North West Business Finance Ltd which manages The North West Fund

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