NW Fund earns its Colours
THE £185m North West Fund has created a network for entrepreneurs and executives which have received investment.
More than 150 people attended the lauch of The Colours – a community being created around The North West Fund’s portfolio of invested companies – at Lymm Rugby Club.
The North West Fund plans to invest in around 800 growing small and medium-sized businesses by 2015. The meeting was addressed by Cheshire-based entrepreneur Stephen Falder, founder of AIM-listed company Byotrol.
Mr Falder was working at his family’s paint company in Manchester when he discovered the anti-microbial product, which he then launched as a new company.
Andy Leach, chief executive of North West BusinessFinance, which manages The North West Fund, said: “Byotrol’s story illustrates that inspiration can be found anywhere – even in relatively mundane products.
“Stephen realised that he had created a product with massive potential beyond the coatings industry and was quick to develop and produce an innovative anti-microbial paint.
“The inaugural evening of ‘The Colours” networking evenings was a great success. The investee community has tremendous passion and huge ambition and gathering them together for a night of learning was very worthwhile.”
Between December 2010 and May 2012 The North West Fund has invested over £25m in more than 95 businesses.
