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Graham Haywood

Cumbria businesses invited to session on £400m Northern Powerhouse Investment Fund

Published on: Thursday 31st August 2017
Categorised under: Work , Business, Cumbria, Investment

Businesses across Cumbria are being invited to attend a free business growth and networking event in Penrith to see how the new £400m Northern Powerhouse Investment Fund (NPIF) could help them.

Organised by fund managers FW Capital, the Finance for Business Growth event, held at Cumbria Local Enterprise Partnership's Penrith headquarters at Redhills on Thursday, September 14, will feature presentations about NPIF and panel discussions.

Delegates will also be able to meet with finance experts from FW Capital, as well as representatives from Maven Capital Partners, Business Finance Solutions, IGF Group and Napthens Solicitors.

NPIF provides funding to fund managers who offer Microfinance (£25,000 - £100,000), Business Loans (£100,000 - £750,000) and Equity Finance (up to £2m) to boost investment levels in the North of England.

It will work alongside the LEPs and Growth Hubs, as well as local accountants, fund managers and banks, to provide a mix of debt and equity capital to SMEs at all stages in their development.

Cumbria Local Enterprise Partnership director Graham Haywood said: “This is a valuable opportunity for businesses across Cumbria to come together and to find out more about the new Northern Powerhouse Investment Fund, how it works, and more importantly how it might support them with their plans for growth.

“They will be able to meet a range of experts whose roles are to help businesses at all stages of their development with a mix of debt and equity capital. It will also be a good opportunity for networking.”

FW Capital investment executive Maria Ramsdale added: “The Northern Powerhouse Investment Fund is designed to stimulate regional economic growth with a mix of finance options to complement existing business support activity.

“NPIF brings greater breadth and flexibility, with conventional loan, micro-finance and equity vehicles. Our aim is to improve access to finance and offer wider opportunities and choice to support smaller businesses across the county.”

To book a place at the event, call 01768 213 074, email maria.ramsdale@fwcapital.co.uk or visit www.fwcapital.co.uk/news-and-features/events/finance-for-business-growth.aspx

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