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
28 January 2015

Looking forward to continued strong growth

The North West Fund celebrated a number of key milestones in 2014 and completed the 12 months to December, investing £32 million in 95 businesses...

 Fund review

We are now into our final year of investment for this programme, having supported 333 businesses with over £112 million and we are pleased that private sector co-funding has contributed a further £70 million, bringing the total value of investments to more than £180 million.

We are beginning to see the significant impact that The Fund is having on the North West economy. Many of the businesses we invested in over the last four years are moving into new markets, launching new products or services, diversifying or recruiting more staff.  Through our portfolio of over 330 businesses we have already created or safeguarded in the region of 3,000 jobs - a figure which will continue to increase as the companies grow.

The pipeline of investments is also looking strong for our final year of investment, with some investments already being made across the region by our dedicated sub-funds. 

Our fund managers within the sub-funds have made investments in a broad range of high quality businesses during 2014, highlights include;

  • Oldham-based manufacturer, Quantum Profile Systems Limited received a seven-figure funding package from Lloyds Bank Commercial Banking and The North West Fund for Loans Plus.
  • The North West Fund for Mezzanine's investment into Winning Pitch, the rapidly growing national coaching and business support specialist, headquartered in the North West.   
  • A husband and wife team from Cumbria who run, ethical outdoor lifestyle brand, Millican, secured a six-figure investment from The North West Fund for Venture Capital and private investors.
  • Franklin Energy Limited which installs electrical vehicle charging systems was set up with investment from the newly launched North West Fund for Micro Loans.
  • Liverpool-based Videregen, which is attempting to create the World's first commercially available tissue engineered stem cell organ replacement product, received investment from The North West Fund for Biomedical.
  • 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.
  • Merseyside-based business, UMLECO which is in the process of exploiting its hydrogen diesel combustion technology in commercial vehicles, secured a £150,000 investment from The North West Fund for Energy & Environmental. 


We are proud of the positive impact our funding is having on the region, in terms of economic growth and employment. Businesses here will need to be able to access alternative finance in the years ahead if this growth is to continue. 

This year is hugely important for The North West Fund, we must invest the remaining capital before 31st December 2015 and we are aware that this date is fast approaching. Therefore, we continue to work closely with our stakeholders at the European Regional Development Fund and the European Investment Bank as well as each of the North West Local Enterprise Partnerships.

The details of a successor North West JEREMIE programme are still to be finalised but the initial feedback is positive and we see a strong demand for alternative forms of loan and venture capital finance across the region. It is clear that a second programme like, 'The North West Fund' would boost the funding available to North West businesses and help to ensure continuity and stability in economic growth.

 

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