IMH

“FW Capital has been a valued supporter of IMH for several years and really goes the extra mile to understand our business.”

James Griffiths, Managing Director, IMH 

Founded in 1983, IMH is a family-run business providing hydraulic engineering expertise and solutions across a range of sectors.

IMH offers services across design, manufacturing, installation, commissioning, maintenance, and repairs, as well as component supplies and training. In 2020 IMH secured a £250,000 loan from NPIF – FW Capital Debt Finance, as part of the Northern Powerhouse Investment Fund, backed by CBILS, to provide working capital amidst potential delays to projects caused by the Covid-19 pandemic, whilst also safeguarding jobs in the business.

This investment will also help the business deliver its long-term growth strategy. FW Capital has worked closely with the Middlesbrough-based firm since 2018.

The business initially received a £300,000 investment from the Tees Valley Catalyst Fund, managed by FW Capital, in 2018 enabling it to fulfil its bond requirement on a £2 million contract working on the Boston Flood Defence System.

In 2019 a £500,000 NPIF investment was made enabling IMH to secure a major contract and employ more specialist hydraulic engineers. 

The Tees Valley Catalyst Fund closed to new applications on 31st March 2023. The first NPIF investment phase has now completed with the British Business Bank launching the Northern Powerhouse Investment Fund II in March 2024.