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The British Business Bank, the UK’s national economic development bank, has announced a new £15m fund in partnership with MSIF, the Liverpool based loan and equity provider. The fund is available to help SMEs looking to grow as part of the Bank’s ‘Help to Grow’ programme.
The £15m North West Business Growth Fund is the first investment fund under the Bank’s Help to Grow programme, and will support established businesses who are seeking development capital.
The North West Business Growth Fund will be delivered by MSIF and will invest in companies in the Liverpool City Region and across the wider North West and North Wales, supporting high growth SMEs with loans of between £250,000 and £1,000,000.
MSIF has been supporting businesses in the Liverpool City Region with investments since 1994. In that time it has supported more than 2,000 businesses, invested over £166m, created/safeguarded almost 15,000 jobs and brought in more than £300million investment from private sector leverage on the back of its investments.
Over its 23 years of service MSIF has received numerous accolades such as Fund of the Year in 2008 and Venture Capital Team of the Year in 2014. MSIF CEO, Lisa Greenhalgh, was also recently awarded the Business Leader Award at the 2017 Merseyside Women of The Year Awards.
Under the Bank’s Help to Grow programme, high growth SMEs across most sectors can access finance for: capital expenditure; supporting the development of new products and processes; investing in research and innovation; and general working capital.
6th September 2017Furniture Specialist Buoyed by £25k NPIF Investment