The North West Fund provides debt and equity finance from £50,000 to £2 million to small and medium sized businesses based in, or relocating to, the North West of England to start, develop and grow. The Fund will address an identified gap in the lending, venture capital and private equity markets.
There are 6 funds :
Venture Capital Development Capital Business Loans Digital and Creative Energy and Environmental Biomedical.
Each fund is managed by an experienced Fund Manager. These Fund Managers have been appointed to manage the discrete funds. They will deploy the capital in a non-competitive and collaborative manner to provide comprehensive and tailored support to facilitate the long-term growth and prosperity of small and medium sized enterprises across the region.
The North West Fund’s initial investment period extends until December 2015, with a subsequent realisation period through to December 2022.
By 2022 The North West Fund is expected to have:
There is a simple application process online at www.thenorthwestfund.co.uk as well as a number of contact numbers for the fund managers.
Other useful information:
Round 2 of the Regional Growth Fund:
http://www.bis.gov.uk/policies/economic-development/regional-growth-fund
The application areas within the Technology Strategy Board. http://www.innovateuk.org/ourstrategy/application-areas.ashx
