The Fund is fully invested and Mercia is focused on managing and supporting the portfolio to build some really exciting businesses.
The £30.0million North West Fund for Venture Capital was designed to support entrepreneurs building high-growth businesses in the North West region.
It invested from £50,000 to £2.0million in new and early-stage start-up companies in return for an equity share.
This Fund is part of the £155.0 million North West Fund which is financed by the European Regional Development Fund and the European Investment Bank as part of the JEREMIE programme, which aims to improve access to finance for SMEs.