Allerton Steel

"I am extremely grateful to the work put in by our advisers and all those at FW Capital - with their support we have a stronger future."

Giles Penn, Managing Director, Allerton Steel 

Northallerton-based Allerton Steel secured a £500,000 investment from NPIF – FW Capital Debt Finance, as part of the Northern Powerhouse Investment Fund in 2021. A second round of funding followed in 2023.

The Northallerton-based company, which employs 97 people at their workshop in Northallerton, has significant experience across many sectors, including the construction, oil & gas and renewables sectors, as well as bridges and high-rise commercial buildings.

With a nationally renowned reputation, the specialist structural and mechanical fabrication company has worked on landmark London buildings including the Shard, Battersea Power Station, the Olympic Village and 22 Bishopsgate, providing large elements of the infrastructure works.

They have also been involved with a number of sports venues, including the new stand at Anfield, home to Liverpool Football Club, as well as the new stadia for Manchester City and Tottenham Hotspur, and the conversion of the Olympic stadium for West Ham United.

The investments are being used to fund ongoing development plans including recruitment.

The first NPIF investment phase has now completed with the British Business Bank launching the Northern Powerhouse Investment Fund II in March 2024.