Venture Capital Fund for the North West
The NorthWest Venture Capital Fund is part of a £13 million package announced by North West Regional Development Agency in October 2009. The Fund will invest between £250,000 and £1,000,000 of equity based finance to companies based in the North West region of England, ie, Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside. Managed by YFM Private Equity, who has been making investments for the NWDA backed North West Business Investment Scheme since 2003, the NWVCF will be delivered by YFM in partnership with MTI, the specialist technology venture capital investor.
You may be eligible for the NWVCF if your business is:
- An early stage or established SME: An SME is a business employing less than 250 employees, with an annual turnover of less than 50m Euros (approx £45m) or have balance sheet net assets of less than 43m Euros (approx £39m). The business cannot be part of a larger group employing more than 250 employees where the group owns at least a 25% share of the business.
- Operating or will operate from a base in the North West region.
- Able to demonstrate that the business has growth potential and is viable or has potential to be seeking equity based finance to develop and grow the business.
- Able to attract private investment to match the Fund investment
- The Fund can invest up to a maximum of £1m.
If you are not eligible for the Fund, you may be appropriate for investment from other funds under our management.
Call us on 0161 832 7603 for further details.
