AFOS

"The commercially-minded FW Capital team quickly understood the business and our future ambitions for it, and were extremely supportive right through the investment application process."

Mike Sutton, Chairman, AFOS

Based in Hull, AFOS is a world leader in the development, supply and maintenance of high-quality stainless steel equipment for the food and medical sectors, and has a range of customers in both markets right around the world.

As part of plans to continue to grow its global market share in these sectors, AFOS secured a £250,000 loan from NPIF – FW Capital Debt Finance, as part of the Northern Powerhouse Investment Fund in 2017, which was followed by a second round of funding in 2022. 

The investments helped the company to maximise the use of its mature technologies and take advantage of opportunities to build new partnerships and product offerings, both at home and overseas.

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