NPIF-FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF) managed by FW Capital, has approached £17.5 million of funding to businesses in the Cheshire & Warrington sub-region.
The investment has supported over 50 growing firms in the area, and attracted private sector co-investment of nearly £19.5 million. In total, businesses in the region, one which is traditionally underserved by business finance, have seen an impact of close to £37 million.
Carol Bolland, Investment Executive at FW Capital, said:
“Achieving this funding milestone is testament to the strong businesses we have across Cheshire and Warrington and one great example of this is Warrington-based B-Engineering Group. Their growth story is impressive and demonstrates how the right investment can make a real difference.”
Based in Warrington, the B-Engineering Group is among the region’s businesses to have accessed Northern Powerhouse funding from NPIF-FW Capital Debt Finance, securing three rounds of investment to diversify their offer into the renewables sector.
Vicki Ditchfield, Director at B-engineering Group said:
“I joined the business in 2021 to support the business plans and strategic goals Rob had set. FW Capital first supported the growth of the business in 2017 with a £100,000 loan at a critical time to help the business achieve its targets, and we sought further funding in 2020 and 2021 to enable us to achieve the next stages of growth. Having the security of this funding enabled us to invest in systems, people and venture into new sectors which may not have been achievable without it.”
Keira Shepperson. Director at British Business Bank, commented:
“The Northern Powerhouse Investment Fund has been a vital source of finance for Cheshire and Warrington businesses, supporting growth, innovation and job creation across the county. The area is an increasingly appealing location for businesses and talent, fostering sustained economic development. It’s no wonder such high-tech and advanced businesses like B-engineering Group are able to thrive and serve as an example of the attractive investment opportunities to be made in the area.”
NPIF – FW Capital Debt Finance is managed by FW Capital and part of the Northern Powerhouse Investment Fund. It can provide loans in the NPIF region with a focus on Cheshire, Cumbria, Greater Manchester, Lancashire, Merseyside and the Tees Valley.
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank
Inflation rose to 2.3% in October 
Bank of England cuts interest rates to 4.75% 
£150,000 refurbishment completes at Poynton building society branch