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04 December 2015

Cliff Maylor, CEO, North West Business Finance Ltd

Welcome to the winter edition of INSPIRE

Welcome to the winter edition of our INSPIRE Newsletter.

 

We have come a long way since our launch in 2010 and now boast a portfolio of over 400 businesses that have used investment from The North West Fund to establish and grow their business. We recently announced one of our Biomedical investee companies has been admitted to AIM on the London stock market and that is a great example of what a business can achieve through investment, even in a difficult economic climate.

 

We have invested over £20m in a 9 month period during 2015, taking our overall total to £135m and are on track to invest our target of over £30m by the end of the year.

 

We have some fantastic entrepreneurs in the North West and this was demonstrated at the EN Entrepreneur Awards in October that we proudly sponsored. It was tough to be on the judging panel and pick the winners from an outstanding number of candidates and it is a positive sign for the region that there is such a strong entrepreneurial appetite.

 

During the China state visit it was announced that there will now be a direct flight from Manchester to China, the first outside of London. There was also talk of a China cluster offering Chinese businesses arriving in the region a wide range of office premises. This is great news for the North West as Liverpool already has good links with China after the Shanghai Expo in 2010 and it proves the North is playing a leading part in the golden era of economic cooperation between the UK and China.

 

Over the last year, there has been a heavy focus on the Northern Powerhouse and in his autumn statement the Chancellor announced plans for a £400m Northern Powerhouse Fund that is set to be launched to help SME's to grow which is excellent news for the region. It will be interesting to see the development of links between the Northern cities, with connections expected between Manchester, Leeds, Sheffield and Liverpool, businesses will find it easier than ever before to expand their horizons and organically roll out their brands to a range of locations.

 

Despite the positive outlook for the region's companies, there are certainly still areas to improve. In order to create sustainable growth of the North West economy, we first need to grow the density of our businesses. To this end, The North West Fund was established to help SMEs in the region start, develop and grow, and we have already seen remarkable success.

 

This just goes to prove the point that no matter how the economy is performing, businesses are still going to look for growth and The North West Fund is happy to play a part in helping SME's achieve that.

I would just like to thank all of my team and the Fund Manager teams for all of their hard work this year!

In the meantime, I hope you enjoy the final newsletter of 2015.

Kind regards,

 

Cliff Maylor

CEO of North West Business Finance Ltd, which manages The North West Fund 

 


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