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29 July 2014

Cliff Maylor, CEO, North West Business Finance Ltd

Welcome to the seventh edition of our quarterly newsletter “INSPIRE”...

Cliff Maylor edit

We move into the second half of the year having invested to date, over £97 million into more than 285 businesses. We anticipate reaching the £100 million investment mark towards the end of the summer, which will be a significant milestone for The North West Fund. We are equally proud of the fact that this much needed capital will have been invested into more than 300 businesses in the region - inspiring entrepreneurs to grow their businesses, creating jobs and boosting the North West economy.

The North West Fund for Micro Loans will soon be open for business. Eligible businesses looking for smaller loans of £25,000-£50,000 are encouraged to keep checking our website for further information. We hope this fund will support even more North West SMEs looking for finance to grow their business.

The theme of this Newsletter is collaboration between the local universities and businesses. The North West region is privileged to be home to a number of successful universities and academics. Universities are a key economic contributor to the region and the Government has initiatives in place to encourage better working relationships between businesses and universities for example; the Technology Strategy Board will continue to support collaborative R&D projects bringing together businesses and academic partners on projects to develop new products, processes and services.  Statistics show that UK universities received £3.3 billion from working with businesses in 2011, more than double that of 2001, and this continues to grow.

At The North West Fund we actively encourage joint working with academic partners. This Newsletter will showcase some of our investments which have come from university spin outs or are working with universities in the region.

I hope you enjoy the Newsletter.

Kind regards,

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

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