Loans of £100,000 up to £7 million to help businesses grow. Taking a business forward and securing its future is very rewarding but it involves a great deal of hard work and money.
The hard work is down to you, but accessing finance can often be the sticking point. Like most financial matters in life, it can be difficult to know where to turn. There are various options available but finding the right one can be tricky.
As one of the UK’s largest regional fund managers, FW Capital is in a great position to help. Their team has strong track record of providing flexible finance to dynamic businesses in the North of England across various funds under their management.
To date 12,000 jobs have been created and safeguarded because of funding from FW Capital, with a total impact of over £600m. This has significantly boosted the economy and local communities, backing over 730 businesses with their growth plans since the launch of the Funds in 2010.
Leading from the front at FW Capital is Fund Director, Joanne Whitfield.
“FW Capital is celebrating a key milestone after investing approaching £300m of funding to businesses across the North of England,” said Jo. “It really is fantastic to be able to help so many businesses in our region. This is something I’m passionate about because I’m from the North East and I want to help businesses in the place that I call home. SMEs are the lifeblood of the economy here in the North East and their funding needs can be diverse. We offer solutions to fill gaps in the market and have three funds under management to support ambitious businesses. These are NPIF – FW Capital Debt Finance which is part of the Northern Powerhouse Investment Fund, the North East Property Fund and the North East Commercial Property Investment Fund, both of which are backed by the North East LEP.
Through NPIF – FW Capital Debt Finance Businesses can access loans of £100,000 to £750,000 to established SME businesses based in the North of England – these areas include the Tees Valley. We provide finance to established businesses with ambitions to grow.
Thanks to the ‘Levelling Up’ initiative, the market is buoyant and whilst there are clear challenges in the economy, companies are looking to push ahead, but many of them need support. We’re seeing some great opportunities across the region.
An example is Teesside-based construction management firm Wade Construction Management Consultants who has been enjoying fast growth after recording a nearly threefold increase in sales in the last two financial years and expanding its skilled workforce from four to 31 at over 11 UK sites. The firm is focused on further growth after securing a six-figure investment from NPIF – FW Capital Debt Finance.
The North East is a great place to live and work and is a fertile patch for people and firms that want to move on, they’re strong and full of enthusiasm and shouldn’t be held back.”
In 2017 we launched the North East Property Fund with the North East LEP which offers short-term loans to businesses in the Tyne & Wear, Northumberland, and Co. Durham area from £250,000 up to £2 million. The fund is a response to strong demand from smaller construction and property development companies who have struggled to access development finance. We have funded schemes totalling £48m to date with many more enquiries coming through.
We’re also really proud to have launched the North East Commercial Property Investment Fund with the North East LEP earlier this year, which provides loans from £1million to £7million for speculative and non-speculative developments with repayment terms available up to five years. The £35m fund, will run for 15 years. We want to address a gap in the market and facilitate the delivery of new commercial property development projects that support employment creation and economic growth in the North East LEP area. The £35m will provide £119m of investment over the lifetime of the fund after repayments are recycled into new schemes. We’ve already done our first deal providing over £1m to support a couple of industrial units in Durham.
Interest in the North East Commercial Property Fund has been strong and we’ve had over £100m worth of enquires which shows the level of demand.
This is testament to the resilience of the North East property sector. We’re seeing increased demand, with lots of great things coming out of the region. Dynamic and ambitious developments are coming to the fore, and we’re delighted to help fund them.
And it’s about more than funding to us, we will do our utmost to help businesses and individuals develop, be successful, and to add to the rejuvenation of the North East.”
If you want to find out how you can tap into this potential funding please contact Jo and her team at FW Capital. They can help and point you in the right direction using their understanding and experience.
Call 0191 269 6969 or email info@fwcapital.co.uk
You’ll also find additional details on their website www.fwcapital.co.uk