Cumbrian businesses have received approximately £10m of business impact investment from NPIF - FW Capital.

£5m of the funds came directly from NPIF - FW Capital Debt Finance and an additional figure of almost £5m was attracted from private sector investors.

Andy Traynor, Senior Investment Executive at FW Capital, said: "A wide range of sectors have received NPIF funding to date with manufacturing, transport and accommodation sectors receiving the largest boost. We’ve helped to create new jobs, boost turnover, and aid expansion into new markets.

"Cumbria is a thriving and prosperous region and we’re proud to make a real difference to the growth of the local economy.”

Investments in Cumbria supported by FW Capital include £600k to a manufacturer to support new contract wins, £250k for working capital needs for a holiday park operator, and £500k to a transport company for a new storage hub.

Jo Lappin, Chief Executive of Cumbria Local Enterprise Partnership said: “Access to finance is one of the barriers to growth so I am pleased that NPIF and FW Capital investors are creating a range of funding opportunities alongside those provided by others, including our High Street banks.

"Cumbria LEP has invested in the Northern Powerhouse Investment Fund and it is pleasing to see that our businesses are benefitting from this. We look forward to working with FW Capital to make sure that more of our businesses are aware of the support that they can provide across the whole of Cumbria.”