FW Capital funds working for the North

May 1, 2019

From helping businesses to grow to building new family homes, FW Capital’s investments are about more than just the money…

The fund management company, FW Capital, has invested almost £130 million into growing businesses in the North of England. With six offices across the

North including offices in Newcastle and Wynyard the investment firm is ideally placed to help.

Through the three funds it manages – the Northern Powerhouse Investment Fund – Debt Finance (NPIF), the Tees Valley Catalyst Fund (TVCF) and the North East Property Fund (NEPF), FW Capital is having a positive impact right across the region.

FW Capital has supported more than 400 businesses. Here are three North East firms that have benefitted from having FW Capital as their investment partner.

Cenergist

NPIF – FW Capital Debt Finance offers loans from £100,000 to £750,000 specifically to help businesses secure the funding they need for growth and development.

Cenergist recently benefited from a £235,000 loan.

Cenergist is a specialist energy and water efficiency company working across the UK, Europe, India and the Middle East to help public and private clients achieve energy, water and financial savings.

With this new line of funding, the business was able to expand into turnkey solutions of lighting upgrades to low- cost LED for commercial entities. The company also created five new jobs.

However this wasn’t the first time FW Capital has backed Cenergist. In 2017 they provided a growth capital injection of £515,000 to help develop its Energy Advisory revenue stream at its Billlingham site. Previously the company benefited from a £350,000 mezzanine loan from the North East Growth Plus Fund.

Homes by Carlton

The North East Property Fund was established to support the development of small-scale property schemes.

It offers loans from £250,000 up to £1 million for residential and non- speculative commercial developments in Tyne and Wear, Northumberland and County Durham. The fund can provide up to 100 per cent of build costs for suitable schemes with repayment terms available up to two years.

Newton Aycliffe-based Homes by Carlton benefited from a £1 million investment.

The company secured the £1 million loan to finance the construction of nine family homes, the first phase of a development being built on the Cathedral Gates site in Chilton, County Durham.

The development of the three and four-bedroom family homes created eight jobs and safeguarded many more in the local supply chain.

Cathedral Gates was the fourth project to benefit from the £10 million North East Property Fund and the first in County Durham.

WHP Engineering

Tyneside-based, WHP Engineering Ltd secured major investment from the Tees Valley Catalyst Fund recently.

The fund is successfully helping companies bid for contracts and is backed by the Tees Valley Combined Authority and the Government’s Regional Growth Fund. It provides loans for warranty and performance bonds adn advance payment guarantees.

WHP is an engineering company specialising in the design, construction, integration and maintenance of hygienic cleanrooms, laboratories, containment facilities, sterile processing environments and process plant manufacturing facilities.

FW Capital invested £2.5 million in total from the Tees Valley Catalyst Fund to enable WHP to secure three lucrative contracts with performance bonds and advance payment guarantees, helping to safeguard 75 existing jobs and create a further ten.

How is FW Capital helping Northern businesses?

1. Backed more than 400 businesses across the North of England since 2010

2. Invested almost £130 million

3. Works alongside other lenders

4. Provides NPIF loans from £100,000 to £750,000 for established businesses

5. Provides short-term loans up to £2 million to help business bid for new contracts

6. Provides short-term loans from £250,000 to £1 million to construction companies and property developers

7. Face-to-face approach and experienced professionals across six offices

8. Dedicated support for businesses looking to grow

9. Finance tailored around individual business needs

10. Recommended by 99 per cent of new customers

FW Capital
For more details of how FW Capital can help your business, visit fwcapital.co.uk
FW Capital is part of the DBW Group. FW Capital Ltd is authorised and regulated by the Financial Conduct Authority.

NPIF – FW Capital Debt Finance is managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF).The Northern Powerhouse Invest- ment 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.

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