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17/05/2011

Gavin Cowling joins FW Capital's North West Fund for Loans’ Team

FW Capital, the company which manages The North West Fund’s £35m Business Loans Fund has appointed Gavin Cowling as Senior Investment Executive, further strengthening its investment team in the North West.

The Liverpool and Manchester-based team is led by Fund Manager, Gary Guest. Cowling joins Investment Executive, Philip Hargreaves in Manchester, while Senior Investment Executive, Simon Berry and Investment Executive, Carol Bolland are based in Liverpool.

Cowling has 30 years’ business banking experience and has previously held business development roles at Barclays, Alliance and Leicester and RBS.

The North West Fund is a £185m evergreen fund financed by the European Regional Development Fund and the European Investment Bank (EIB).

Recent FW Capital investments from the North West Fund for Business Loans include Tuff X Processed Glass and Totalpost Services, with more applications in the pipeline.

Commenting on the appointment, Fund Manager, Gary Guest said: “Gavin is a well-known and respected lender in the Manchester area. We’re delighted he’s on board and sharing his considerable lending expertise. We now have a highly-skilled team with a great deal of knowledge of deal structuring.”

Manchester-based Cowling will now use his lending expertise to structure the right debt investments to help businesses in the North West grow.

Cowling is pleased to join FW Capital: “FW Capital has already made a number of investments from the North West Fund for Business Loans. Interest is growing and I’m looking forward to helping businesses make the most of our debt investments and to make the North West Fund for Business Loans a success.”

FW Capital manages the £35 million Fund, which makes loans of between £50,000 and £250,000 to viable small and medium-sized businesses (SMEs) based in the North West of England.

Andy Leach, Chief Executive of The North West Fund said: “Gavin’s appointment represents a further strengthening of the investment team being assembled to deliver The North West Fund for Business Loans. With the early momentum of the fund now translating into a steady flow of high quality investment opportunities, Gavin’s years of lending experience will add greatly to the capabilities and capacity of the FW Capital team as enquiries and investment levels increase.”

Find out more about investing in the North West of England.

*The North West Fund for Business Loans has now been replaced by The North West Fund for Loans Plus.

North West Fund Loans Plus