Catalyst fund firm enjoys Capital second birthday

Celebrating FW Capital's second birthday is fund manager Joanne Whitfield and investment executives Chris Johnson and Nicky Atkinson.

Celebrating FW Capital's second birthday is fund manager Joanne Whitfield and investment executives Chris Johnson and Nicky Atkinson.

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A company which helps Tees Valley businesses to grow is enjoying its own celebration.

It’s now two years since FW Capital set up its Tees Valley office in Billingham. But the firm’s aim is to back companies throughout the Tees valley including Hartlepool.

We’ve been impressed by the ambition of the businesses we’ve backed in the Tees Valley and many of them have strong links with their communities

Chris Johnson, FW Capital investment executive

The company’s investment executive, Chris Johnson said: “We’ve been impressed by the ambition of the businesses we’ve backed in the Tees Valley and many of them have strong links with their communities.”

FW Capital opened its Billingham office in 2013 to manage the Tees Valley Catalyst Fund for the local enterprise partnership Tees Valley Unlimited. The Fund helps businesses to win larger contracts by providing short-term finance. Since winning the contract, FW Capital has invested £8.4m.

It also manages the North East Growth Plus Fund, which invests funds of between £350,000 and £1.25m into business.

The Tees Valley Catalyst Fund is a £10m scheme to provide short-term debt investments from £100,000 to £2m for advanced payment guarantees, performance and warranty bonds.

FW Capital is marking its birthday by supporting Billingham Rugby Union Football Club’s open day on Saturday, August 15.

The fun day runs from 11am to 4pm at the club’s Greenwood Road ground.

FW Capital is sponsoring the club’s upcoming friendly against local rivals Guisborough as part of its annual family fun day. The game will raise money for the local Daisy Chain and Count The Kicks charities as well as to boost the club’s own funds.