North West Fund hits £150m milestone

North West Fund hits £150m milestone

The North West Fund is celebrating after exceeding the £150m mark having invested in over 440 of the regions businesses since 2010.

Over the last six years, the fund has created and safeguarded 4,500 jobs and has leveraged an additional £140m in private sector finance.

During this time the fund has worked with a number of highly successful businesses from a range of sectors from tech to life sciences.

This includes Manchester-based consumer data specialist RealityMine, which was backed by The North West Fund for Digital & Creative in 2015.

The funding led to the company being recognised for its outstanding growth and subsequently winning the 2016 Queen’s Award for Enterprise.

Cliff Maylor, CEO of The North West Fund, said: “Reaching this milestone is a fantastic achievement for The North West Fund and caps off a period of great success for the organisation and the management teams we work with.

“Our funding and strategic guidance has enabled businesses to expand into new markets, create additional jobs, along with developing new and existing products.

“I am certain that these success stories will continue to have a positive impact on the North West economy for many years to come.”

The North West Fund is backed by the European Regional Development Fund and European Investment Bank.