The British Business Bank has launched the £15m North West Business Growth Fund in partnership with MSIF.
Funds are being made available to help small- and medium-sized enterprises (SMEs) looking to grow. It represents the first investment fund under the bank’s Help to Grow programme, and will support established businesses that are seeking development capital.
The fund will be delivered by MSIF and invest in companies in the Liverpool City Region and across the North West and North Wales, supporting high-growth SMEs with loans of between £250,000 and £1m.
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.