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21 December 2012

New management team at The North West Fund

Press Release 21st December 2012

North West Business Finance Ltd (NWBF), the company which manages The North West Fund, is very pleased to announce the appointment of two senior members of the executive team, Malcolm Edge as chairman and Cliff Maylor as CEO.

Malcolm was previously one of two vice chairmen of KPMG in the UK, based in Manchester and is currently a consultant with the firm. Whilst at KPMG his portfolio of clients ranged from listed PLCs to smaller entrepreneurial businesses and he remains an advocate for business growth in the North West.  

Cliff joined NWBF in December 2010 as CFO. He is a liverpool Chartered Accountant with a strong entrepreneurial background in the SME arena. After qualifying, Cliff spent four years in corporate finance before establishing a number of successful owner managed businesses. As CEO, he assumes responsibility for the day-to-day running of the company and the overall management of The Fund.

The pair will move into their roles with immediate effect and will work closely together, as well as with the company's board, stakeholders, Investment Advisory Committee and Fund Managers.

Malcolm commented, "I am very much looking forward to leading the team at NWBF, and I have every confidence that we will create a strong and sustainable legacy fund for the North West region.

"Our focus will be making sound investments into the right SMEs, supporting entrepreneurs and inspiring them to grow and develop their businesses to their full potential.

"We will continue to build on our strong links with North West intermediaries and our local banking partnerships. Our remit is to provide gap-funding and this allows us to work with banks and private investors to support businesses in their growth aspirations.

"As the largest fund of its kind in the UK, The North West Fund creates an incredible opportunity for businesses in the region and I am extremely proud to be a part of it."  

Cliff Maylor added, "We have now invested over £40m in more than 140 North West businesses, with £30m of this invested in 2012 alone, helping to create or safeguard more than 1,000 jobs. I am looking forward to continuing my work with The Fund, building a successful investment fund for the region and driving the economy of the North West forward."



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