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28 January 2014

Cliff Maylor, CEO, North West Business Finance Ltd

Welcome to the fifth edition of our quarterly newsletter “INSPIRE”, and the first issue of 2014...

Cliff Maylor edit

I am pleased to say that we start the New Year on the back of a successful 2013 that saw us invest £36 million in 95 businesses which brings the total figure to date to almost £80 million invested in over 235 businesses.

We enter 2014 confident of delivering another strong investment performance for the year. We are also in the process of launching our new Micro Fund that will allow us to provide funding to businesses of £25,000 - £50,000 and extend our product offering to smaller companies. You can read more about this new fund later in the newsletter.

Our focus this year will be to continue to make sound investments into the right SMEs, supporting entrepreneurs and inspiring them to grow their businesses to their full potential while creating a strong and sustainable legacy fund for the North West region.

We will continue to build on our strong links with North West intermediaries and our local banking partnerships whilst maintaining our relationships with the key stakeholders and decision makers in the region as we look to establish NWBF as an ideal delivery vehicle for the 2014-2020 programme.

Our team of Fund Managers continue to work hard to ensure that we meet our targets and invest every penny for the benefit of the businesses and people in the North West. We have a strong pipeline and aim to invest another £41 million by the end of the year.

In this issue of INSPIRE we will also introduce our board of independent directors as they look back on the programme so far and also ahead to future programmes as we start to build a successful and evergreen fund for the North West region.

Happy New Year and enjoy the Newsletter.

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

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