BGS Utilities growth journey boosted by NPIF II investment

Multi-utility infrastructure provider BGS Utilities has received a six-figure investment boost to assist the firm’s future growth.

Based out of its offices in Birchwood Park, Warrington, BGS Utilities works across the industrial and commercial, and house building sectors across the North West and surrounding areas The investment from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II) is assisting the firm’s financial planning strategy providing a solid platform to help meet its growth targets and facilitate further new contract wins. 

BGS Utilities employs around 40 people. During the last year the firm has secured a significant volume of new contracts including Manchester City Centre regeneration projects for Renaker, new homes developments for Wain Homes, Ecclestone Homes, Belway and Vistry, and the Animate Studios in Preston.

Jonathan Hopkins, Managing Director at BGS Utilities said: “The utility infrastructure market is incredibly competitive but we’re focussed on finding innovative ways of working which deliver better engineered solutions for our clients. The backing from FW Capital has been key to our growth plans and we’re proud to be able to secure funding through NPIF II knowing our sector isn’t typically favoured for this support.”

Caroline Turley, Investment Executive at FW Capital added: “BGS Utilities is innovative in the work it delivers for its clients and has created a well-established, expanding business. Its vision for future growth and commitment to offering groundbreaking utility infrastructure services has impressed us. Through NPIF II we are able to address the funding gap that businesses like BGS Utilities can encounter, breaking down barriers to accessing much needed finance for growth.” 

Sue Barnard, Senior Investment Manager at British Business Bank said: “As cities across the North West continue to expand and grow, it’s important they have the infrastructure and providers to fulfil this potential. That’s why supporting businesses like BGS Utilities is essential in unlocking infrastructure projects across our region. It’s something that NPIF II is continuing to support, ensuring we’re providing funding that doesn’t just support the growth of individual businesses, but of our entire regional economy.”

The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.

The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage finance for the North’s smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance. FW Capital will provide debt finance options from £100,000 to £2million to businesses based in the North West of England, with some flexibility to lend across the North.