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).
Tags: AXM Venture Capital Ltd, CT Investment Partners LLP, Enterprise Ventures Ltd, North West businesses, private sector leverage, Spark Impact Ltd, VCLF, venture capital, Venture Capital and Loan Fund, YFM Private Equity