ALMOST £17.5m of investment has been provided to 50 growing businesses in the Cheshire and Warrington area by NPIF – FW Capital Debt Finance, which is managed by FW Capital and part of the Northern Powerhouse Investment Fund.
The investments have attracted co-investment of nearly £19.5m from the private sector resulting in an impact on businesses in the region of close to £37m. This is supporting ambitious, high-growth businesses with finance for growth in an area of the UK that is typically underserved.
Loans delivered by FW Capital represent a huge milestone since the fund was first established in 2017. This underlines FW Capital’s long-term economic impact in the region.
Carol Bolland, investment executive at FW Capital, said: “Achieving this funding milestone is testament to the strong businesses we have across Cheshire and Warrington and one great example of this is Warrington-based B-Engineering Group. Their growth story is impressive and demonstrates how the right investment can make a real difference.”
With over 30 years’ experience B-engineering Group is one of the leading M&E building services engineering providers in the North of England. They have received three rounds of funding from NPIF – FW Capital Debt Finance which have supported B-Engineering Group in diversifying to meet the changing needs of the mechanical services industry.
Today Rob Ditchfield runs the business with his wife Vicki and they employ 50 staff.
Rob’s father Bernard Ditchfield established the business in 1990 with his former partner under the original business name BEmech. Recent developments include creating an electrical division in 2021 and B-eco Renewables in 2022 which has since delivered a number of solar projects up to 300KW and air source heat pump systems up to 250KW.
Vicki Ditchfield said: “I joined the business in 2021 to support the business plans and strategic goals Rob had set. FW Capital first supported the growth of the business in 2017 with a £100,000 loan at a critical time to help the business achieve its targets, and we sought further funding in 2020 and 2021 to enable us to achieve the next stages of growth. Having the security of this funding enabled us to invest in systems, people and venture into new sectors which may not have been achievable without it. I have established a strong relationship with Carol Bolland at FW Capital and believe she genuinely cares about our journey.”
Keira Shepperson. director at British Business Bank, said: ““The Northern Powerhouse Investment Fund has been a vital source of finance for Cheshire and Warrington businesses, supporting growth, innovation and job creation across the county. The area is an increasingly appealing location for businesses and talent, fostering sustained economic development. It’s no wonder such high-tech and advanced businesses like B-engineering Group are able to thrive and serve as an example of the attractive investment opportunities to be made in the area.”
Pictured, left to right: Rob Ditchfield, Carol Bolland and Vicki Ditchfield
