Multi-utility infrastructure provider BGS Utilities has received a six-figure investment boost to assist the firm\u2019s future growth.<\/p>\n
Based out of its offices in Birchwood Park, Warrington, BGS Utilities works across the industrial and commercial, and house building sectors across the North West and surrounding areas.<\/p>\n
The investment from NPIF II \u2013 FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II) is assisting the firm\u2019s financial planning strategy providing a solid platform to help meet its growth targets and facilitate further new contract wins.<\/p>\n
BGS Utilities employs around 40 people. During the last year the firm has secured a significant volume of new contracts including Manchester City Centre regeneration projects for Renaker, new homes developments for Wain Homes, Ecclestone Homes, Belway and Vistry, and the Animate Studios in Preston.<\/p>\n
Jonathan Hopkins, Managing Director at BGS Utilities said: \u201cThe utility infrastructure market is incredibly competitive but we\u2019re focussed on finding innovative ways of working which deliver better engineered solutions for our clients. The backing from FW Capital has been key to our growth plans and we\u2019re proud to be able to secure funding through NPIF II knowing our sector isn\u2019t typically favoured for this support.\u201d<\/p>\n
Caroline Turley, Investment Executive at FW Capital added: \u201cBGS Utilities is innovative in the work it delivers for its clients and has created a well-established, expanding business. Its vision for future growth and commitment to offering groundbreaking utility infrastructure services has impressed us. Through NPIF II we are able to address the funding gap that businesses like BGS Utilities can encounter, breaking down barriers to accessing much needed finance for growth.\u201d<\/p>\n
Sue Barnard, Senior Investment Manager at British Business Bank said: \u201cAs cities across the North West continue to expand and grow, it\u2019s important they have the infrastructure and providers to fulfil this potential. That\u2019s why supporting businesses like BGS Utilities is essential in unlocking infrastructure projects across our region. It\u2019s something that NPIF II is continuing to support, ensuring we\u2019re providing funding that doesn\u2019t just support the growth of individual businesses, but of our entire regional economy.\u201d<\/p>\n
The \u00a3660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from \u00a325k to \u00a32m and equity investment up to \u00a35m to help a range of small and medium sized businesses to start up, scale up or stay ahead.<\/p>\n
The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage finance for the North\u2019s smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance. FW Capital will provide debt finance options from \u00a3100,000 to \u00a32million to businesses based in the North West of England, with some flexibility to lend across the North.<\/p>\n
from Construction Enquirer https:\/\/ift.tt\/KWQI9hZ<\/p>\n","protected":false},"excerpt":{"rendered":"
Multi-utility infrastructure provider BGS Utilities has received a six-figure investment boost to assist the firm\u2019s future growth. Based out of its offices in Birchwood Park, Warrington, BGS Utilities works across the industrial and commercial, and house building sectors across the North West and surrounding areas. The investment from NPIF II \u2013 FW Capital Debt Finance, […]<\/p>\n","protected":false},"author":1,"featured_media":155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-9452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/9452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=9452"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/9452\/revisions"}],"predecessor-version":[{"id":9453,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/9452\/revisions\/9453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/152"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=9452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=9452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=9452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}