Capital opens new Tees Valley office

November 27th 2013

New FW Capital team to spearhead investment of Tees Valley Catalyst Fund

We recently appointed a new team to spearhead our investment operations in the Tees Valley.

Launched by Tees Valley Unlimited (TVU) at the end of June 2013, the £10 million Catalyst Fund provides Tees Valley businesses with short-term finance to fund performance and warranty bonds and aims to help them unlock additional contracts valued at £700 million over the next ten years.

Investment executives Nicky Atkinson and Chris Johnson have joined FW Capital to make investments from the government-backed fund.

Nicky Atkinson
Nicky Atkinson has joined us from HSBC where she spent over thirty years in a variety of roles, including managing a 120-strong portfolio of business customers. 01642 343 494

Chris Johnson
With over 12 years’ corporate banking experience, Chris Johnson’s career has included roles with Barclays, Yorkshire Bank and Allied Irish Bank. 01642 343 495

Read more about the opening of our new Tees Valley office in Billingham.

A UK first, the Tees Valley Catalyst Fund aims to help ambitious Tees Valley businesses bid for new contracts with the backing of short-term loans to fund advanced payment guarantees, performance and warranty bonds, as well as to extend existing bond facilities.

Although a generalist fund, we are particularly interested in businesses in the manufacturing, renewables, offshore and oil and gas sectors and have received some good enquiries to date which the team are working on. We are actively seeking more opportunities for the fund and would be happy to talk to you about any proposals you may have.

Read more about how the Tees Valley Catalyst Fund can help.

FW Capital:

• Makes equity, debt and mezzanine investments in SMEs of between £350,000 and £1.25 million in a single round from the North East Growth Plus Fund.
• Invests/co-invests in expansion deals in established, revenue-earning businesses.
• Makes short-term loans from the Tees Valley Catalyst Fund which provides businesses with finance of up to £2 million to fund performance and warranty bonds.
• Is part of the Finance Wales Group, with approaching £400 million of funds under management