Greater Manchester businesses boosted by £45 million from NPIF backed investment fund

Businesses in Greater Manchester have secured nearly £45 million of?investment from NPIF – FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF).

The investment has attracted co-investment of over £70 million from the private sector, resulting in an impact on businesses in the city-region of over £115 million. The fund has support high-growth business across a wide range of sectors, from manufacturing to financial services.

Among the recent beneficiaries of NPIF – FW Capital investment is Trafford Park based KBF Enterprises, the company behind sports nutrition brand, Warrior. Funding has helped the business enjoy significant growth, culminating in the recent announcement of a £1.75 million factory and acquisition of an additional 10,000 sq. ft warehouse that will enable production output to grow 400%.

Adam Husband, Senior Investment Executive at FW Capital explained:

“KBF Enterprises continue to record impressive growth, leading the way in their sector. This is a great example of how our investment has assisted a high growth and extremely profitable North West business go to the next level. They are just one of many businesses across Manchester who are part of this important funding milestone at NPIF – FW Capital, demonstrating how alternative finance can help businesses realise their ambitions.”

Keira Shepperson, Director at British Business Bank, said:

“I’m delighted to see that FW Capital has reached this milestone in Greater Manchester.  The Northern Powerhouse Investment Fund and our Fund Managers have played a key role in bringing transformational investment opportunities to businesses in the region.  Whether it’s creating new jobs, or helping companies relocate to new premises, businesses such as KBF Enterprises demonstrate that Greater Manchester is a place full of dynamic, resilient and thriving organisations, playing a key role in boosting the economy for the North as a whole.”

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 Cumbria, Cheshire, 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.