£185m Public Sector Fund is an Early Christmas Present

The North West Fund is now finally open and ready to receive applications after a number of false dawns this year.

The £185m evergreen fund for North West businesses is the largest public sector fund of its kind in Europe. 170m of the fund will be allocated to 6 fund managers:

Development Capital (£45m) YFM Private Equity
Business Loan (£35m) FW Capital Ltd
Venture Capital (£30m) Enterprise Ventures Ltd
Biomedical (£25m) Spark Impact Ltd
Energy & Environmental (£20m) CT Investment Partners LLP
Digital & Creative (£15m) AXM Venture Capital Ltd

With over £200m of private sector leverage it will be able to facilitate funding of around £400m according to a spokesperson. The fund was previously known as the Venture Capital and Loan Fund (VCLF).

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