We are accredited under Phase Three of the Recovery Loan Scheme – find out more here.


We work with a range of different stakeholders in delivering funds.

The British Business Bank

The British Business Bank is 100% Government owned, but independently managed. It brings expertise and Government money to the smaller business finance markets. The British Business Bank doesn't lend or invest directly; instead it works with over 100 partners such as banks, leasing companies, venture capital funds and web-based platforms.

The Northern Powerhouse Investment Fund (NPIF), supported by the European Regional Development Fund, is an initiative launched by the government-owned British Business Bank. It is a key part of the government's Northern Powerhouse vision, which aims to end the historic North / South divide and create economic prosperity in the North of England on par with London and South East. 

The South West Investment Fund, launched in 2023, is the first in a series of new Nations and Regions Investment Funds being launched by the British Business Bank which will deliver a £1.6 billion commitment of new funding to drive sustainable economic growth.

BBB New Logo small

Tees Valley Combined Authority

The Tees Valley Combined Authority was created in April 2016. Its purpose is to drive economic growth and job creation in the area. It is a partnership of five authorities; Darlington, Hartlepool, Middlesbrough, Redcar & Cleveland and Stockton-on-Tees, working closely with the Local Enterprise Partnership, wider business community and other partners to make local decisions to support the growth of their economy. Under the devolution deal with Government, they are taking on responsibilities previously held by Westminster and Whitehall; for transport, infrastructure, skills, business investment, housing and culture and tourism. 

In 2013, Tees Valley Unlimited, now part of the Tees Valley Combined Authority, appointed FW Capital to manage the Tees Valley Catalyst Fund which closed to new applications on 31st March 2023.


North East Local Enterprise Partnership

The North East Local Enterprise Partnership (North East LEP) is a public, private and education sector partnership.

They are one of thirty-eight LEPs in the country and are responsible for promoting and developing economic growth in the local authority areas of County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland. They are governed by a board comprised of business leaders, education providers, economic experts and local authorities.

The North East LEP is an investor in the North East Property Fund and the North East Commercial Property Investment Fund, both managed by FW Capital.


North West Business Finance

North West Business Finance Limited is an independent, private sector, not-for-profit company, limited by guarantee, established to oversee the delivery of the North West Fund. 

The company is governed by an independent Board with a non-executive chairman. The Board has appointed an independent Board with a non-executive chairman. The Board appointed an independent Investment Advisory Board to advise on ongoing performance of the North West Fund. Individual appointments to the Investment Advisory Panel have been made based on expertise in either private equity, venture capital or the specific sectors targeted by the North West Fund.


North East Finance

North East Finance (NEF) is the holding fund manager of the £159.5m Finance for Business North East (FBNE) programme: a suite of seven venture capital and loan funds, including the North East Growth Plus Fund, which NEF established in 2010. The funds, now fully invested, provided investment for start-up and growing businesses in the North East of England.

The FBNE programme is funded by the North East of England European Regional Development Fund programme, the European Investment Bank and the UK government. It was established under the JEREMIE initiative: a joint initiative of the European Commission and the European Investment Bank which stands for Joint European Resources for Micro to Medium Enterprises.