FW Capital has appointed an investment executive to strengthen its North West team.
Jamie Grimshaw joins FW Capital from Natwest Bank where he worked for 21 years predominantly as a relationship manager in the commercial banking team.
He is a CeMap qualified Chartered Banker as well as being a director of the networking group, Professionals of Wigan.
Jamie will be responsible for helping small and medium sized businesses (SMEs) in Lancashire and Cumbria access loans of between £100k and £750k from NPIF - FW Capital Debt Finance - part of the Northern Powerhouse Investment Fund (NPIF).
FW Capital also offers NPIF loans backed by the Coronavirus Business Interruption Loans Scheme (CBILS), which provides facilities to SMEs which are experiencing lost or deferred revenues, leading to disruptions to their cashflow because of the Covid-19 outbreak.
Gary Guest, FW Capital’s fund director in the North West & Cumbria said: “As an experienced lender, it is great to welcome Jamie to the team, he has extensive experience of supporting SMEs in the North West.
“Jamie is joining us at a crucial time. CBILS applications need to be in by the end of January and it is important that we reach out to all the businesses that need this type of funding and have the expertise on the team to process as many of these loans as possible.”
Jamie Grimshaw added: “FW Capital is highly respected in the alternative finance market and their personal approach makes access to finance a straight-forward experience for businesses.”
“I’m passionate about supporting SMEs. They form the backbone of our economy and many have managed to dig deep and keep going despite extremely difficult trading conditions.
“By helping businesses through these next few months, they can continue to plan for growth and help the economy to recover next year.
“The NPIF loans backed by CBILS have been vital to keeping businesses afloat with the key benefit that no personal guarantees are required for loans of £250k and below. I’m really pleased to be part of a team which is helping to deliver such a necessary source of support.”
To date FW Capital has invested £180m into businesses across the North and helped to create or safeguard over 7600 jobs.