Barry Wilson, an Investment Executive at FW Capital, highlighted the significance of the latest investment in Swype, a business that has maintained a 25-year relationship with Hewlett Packard. FW Capital utilized the Northern Powerhouse Investment Fund II (NPIF II) to provide working capital support, enabling Swype to invest in a new printing press. This investment not only enhances Swype’s product efficiencies and expands its offering but also aligns with the company’s eco-friendly initiatives, which are increasingly in demand. Wilson expressed enthusiasm about Swype’s future progress, underscoring the positive impact of the NPIF II funding.
Sue Barnard, Senior Investment Manager at the British Business Bank, commended Swype for its innovation and sustainability leadership in the evolving digital printing sector. She emphasized NPIF II’s commitment to supporting businesses in the North West, facilitating their growth and economic contribution. Barnard noted that this investment exemplifies how NPIF II enables firms to seize opportunities, boost productivity, and support the transition to a net-zero economy, fostering a vibrant regional business ecosystem.
The Northern Powerhouse Investment Fund II, managed by FW Capital, offers financial support ranging from £25,000 to £2 million in loans and up to £5 million in equity investments. Its primary focus is on the North West regions, including Cheshire, Cumbria, Greater Manchester, Lancashire, and Merseyside, though it also extends flexibility to other parts of the North. NPIF II aims to increase the availability and diversity of early-stage finance for smaller businesses, addressing barriers to funding and promoting economic growth.
FW Capital specializes in providing debt finance options between £100,000 and £2 million, tailored to businesses across the North West, with some flexibility to support ventures in other Northern areas. By facilitating access to finance, NPIF II and FW Capital play a crucial role in empowering businesses to innovate, scale, and drive regional prosperity while aligning with sustainability goals. This collaboration underscores the potential of strategic funding to transform businesses and contribute to a thriving, eco-conscious economy.
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