Regenerate will help you with your North West Fund application

01/09/2011

We will provide help, support and guidance to any Lancashire business applying for the North West Fund (NWF). The NWF has been set up to provide debt and equity funding of £50,000 to £2 million to small and medium sized businesses based in, or relocating to, the North West of England to start, develop and grow.

The NWF announced that only 16.53 per cent of the total number of applications have been submitted by Lancashire based companies so far. That is despite more than 45,000 businesses being based in the county, the second largest concentration in the region.

The fund is split into 6 individual funds including: Venture Capital, Development Capital and Business Loans as well as sector specific funds including Digital and Creative Industries, Biomedical, and Energy and Environmental Technologies. What fund is right for your business will depend on its specific need, which will be expressed through the application process. 

Overall the fund expects to create or safeguard almost 14,000 jobs and improve the economic performance of the North West, with an estimated increase in GVA (the contribution to the UK economy) of £700m.

We are keen to see that the funding benefits people and businesses in Lancashire and would also encourage businesses to visit our online business support directory of finance and services to see what other support is available to businesses in the area.

If you would like any guidance when you are applying for the NWF or other support to help your business start, develop or grow then our advisors are here to help. Please contact us on 0800 612 2029 or email us at info@regeneratepl.co.uk for more information.

You can learn more about the North West fund and apply online at: www.thenorthwestfund.co.uk