We have an experienced team of investors with a track record in supporting business growth and we work closely with advisers and businesses to ensure the right funding package is provided for particular business needs.
In Teesside we manage the Teesside Flexible Investment Fund, backed by Teesside Pension Fund. The £20m fund aims to support economic development in Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees.
It aims to tackle identified funding gaps in Teesside and increase the supply and diversity of finance to businesses.
The funding can be used for a variety of business needs:
• Property development loans from £250,000 to £3 million for residential and non-speculative commercial property developments. TFIF can provide up to 100 percent of build costs for suitable schemes with repayment terms available up to three years.
• Loans from £100,000 to £2 million for contract related bonds including advance payment guarantees, performance, warranty, highways and water authority bonds. Repayment terms are available of up to two years.
• Flexible loans and equity investments from £250,000 to £3m to support buying a business.
For more information visit www.fwcapital.co.uk/tfif [fwcapital.co.uk]