FW Capital, a specialist in SME finance, has achieved a significant £5 million funding milestone in the North. This success underscores the growing demand for financial support among businesses.
The consultancy Prime Transport Planning, based in Liverpool, is the latest beneficiary of this funding boost. The firm plans to utilise the investment to expand its technology and senior team, reflecting its robust market position.
Milestone Achievement for FW Capital
FW Capital’s latest investment marks a considerable achievement, celebrating over £5 million invested in Northern businesses through the Northern Powerhouse Investment Fund II (NPIF II). Launched by the British Business Bank, NPIF II supports a range of sectors, including manufacturing and education, with an average deal size of £350,000.
FW Capital has now backed 14 diverse businesses, showcasing the fund’s versatility and the varying needs of the Northern economy.
Investment in Prime Transport Planning
Prime Transport Planning, a Liverpool-based consultancy founded in 2016 by David Schumacher, specialises in collaborating with developers, architects, and local authorities. The company operates in a dynamic market, driven by increased demand for green energy, housing, warehousing, and leisure projects.
With the recent six-figure funding from NPIF II, Prime Transport Planning aims to invest in cutting-edge technology and bolster its senior team. The firm seeks to be well-positioned to support both existing and new clients amidst potential government policy changes in planning.
Growth Prospects and Market Potential
Founder David Schumacher expressed optimism about the market, highlighting its buoyancy due to the demand for green energy and additional housing. He stated, “The new Government will also bring potential changes to planning policies that will support the delivery of projects in these sectors.”
Schumacher noted that the funding has allowed the company to recruit two new team members, with plans for further expansion. He emphasized the company’s commitment to growth and its readiness to elevate the business to the next level.
Prime Transport Planning’s proactive approach, supported by NPIF II funding, underscores its leadership in the field and dedication to advancing its expertise.
Support from FW Capital and British Business Bank
Carol Bolland, Investment Executive at FW Capital, praised the investment, noting its critical role in enabling Prime Transport Planning to achieve its growth ambitions. She observed that the firm’s expanding customer base and expertise were key drivers of this growth.
Sue Barnard from the British Business Bank lauded the success of NPIF II, mentioning the encouraging demand for funding since its launch. She pointed out that businesses like Prime Transport Planning exemplify how NPIF II facilitates expansion and job creation in the Northern economy.
Funding Structure and Reach
NPIF II spans the entire North of England, offering loans ranging from £25,000 to £2 million and equity investments up to £5 million for SMEs. The fund’s flexibility ensures it can meet the diverse financial needs of businesses across the region.
The focus of NPIF II – FW Capital Debt Finance is primarily on the North West, although its coverage extends across the broader NPIF II area. This regional focus helps address specific economic needs and opportunities.
Impact on Regional Economy
The impact of NPIF II on the regional economy is significant, driving growth and creating employment opportunities. Prime Transport Planning’s example illustrates the fund’s success in facilitating business expansion and strengthening local economies.
By supporting senior leadership and graduate recruitment, NPIF II helps businesses like Prime Transport Planning unlock their potential and contribute to regional development.
Future Outlook and Prospects
Looking ahead, NPIF II aims to continue its support for Northern businesses, fostering innovation and growth. The ongoing investments are expected to strengthen the regional economy further.
The success stories of firms like Prime Transport Planning serve as a testament to the fund’s effectiveness and the promising future for businesses in the North.
Conclusion
The funding milestone achieved by FW Capital through NPIF II highlights the significant demand for financial support among Northern businesses. This investment in Prime Transport Planning is a prime example of how financial backing can drive growth and innovation.
As NPIF II continues to support regional businesses, it is poised to play a crucial role in the economic development of the North, fostering a robust and dynamic business environment.
FW Capital’s £5 million milestone through NPIF II marks a pivotal moment for Northern businesses, reflecting strong demand for funding.
With investments in dynamic firms like Prime Transport Planning, the future for Northern SMEs looks promising, underpinned by continued support from initiatives like NPIF II.
