FW Capital hits £ 30m milestone
Funding – Joanne Whitfield , fund director at FW Capital .
Tees Valley businesses have benefitted from £ 30m of investment from NPIF – FW Capital Debt Finance , which is managed by FW Capital and is part of the Northern Powerhouse Investment Fund . It has also attracted co-investment of over £ 31m from the private sector .
“ We ’ re working hard to help more companies tap into the funding available and contact us to access investment from NPIF-FW Capital Debt Finance , which is due to come to a close in December this year ,” said Joanne Whitfield , fund director at FW Capital .
“ Hitting the £ 30m funding milestone highlights the growth potential of Tees Valley ’ s businesses . We ’ ve been proud to help 63 businesses across a range of sectors create new jobs , boost turnover and expand into new markets .”
Tees Valley business Everflow has enjoyed significant growth after receiving a £ 750,000 investment from NPIF – FW Capital Debt Finance . Since 2017 , Everflow has gone from four employees turning over £ 2m to 180
employees with a turnover of over £ 115m to date . It has 63,263 live customers , serving 83,345 premises .
Everflow is a technology-led utilities company , serving businesses across the UK with environmentally-friendly water supply and commercial waste collection services . It operates from offices at Wynyard Business Park .
“ The investment from NPIF and FW Capital has made a real difference to our business growth ,” said James Cleave , chief financial officer at Everflow . “ We ’ ve been able to strengthen our team with new jobs and improve our software . We ’ ve recently
To find out if FW Capital can help your business , visit fwcapital . co . uk or email info @ fwcapital . co . uk
diversified into other areas of business . At the end of last year , we added commercial waste collection services to our services , and we ’ ve plans to add telecoms and energy to our range . Our future vision is to have the four utilities – energy , telecoms , waste collection and water – all under one roof for all our SME customers .”
The British Business Bank , which launched NPIF , is delighted with the impact it has had in the Tees Valley . Director Keira Shepperson said : “ NPIF – FW Capital surpassing the remarkable £ 30m funding milestone is a testament to the fund ' s commitment to fuelling growth and driving innovation .”
A family-run design studio , based up north .
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