Nearly 30 companies based in the North West are now partially owned by the UK Government through its £1.1 billion Future Fund, which officially launched on May 20, 2020. The British Business Bank, responsible for managing this fully invested debt-to-equity fund, holds equity stakes in a total of 400 firms across the UK.
Among the notable investments is the owner of Bolton Wanderers, a major football club, which was announced early in 2022. The British Business Bank continues to provide updates periodically, revealing new companies that benefit from the fund.
The list of North West firms with an equity stake from the Future Fund includes companies from various sectors, ranging from technology to healthcare. Some of the names are Alusid Limited, Beautystack Limited, BiVictriX Therapeutics PLC, and Cultureai Ltd, to mention a few. This diversity highlights the broad scope of the fund’s impact across different industries.
Other companies benefiting from the investment include Cytox Limited, Dynamis Associates Ltd, Econic Technologies Ltd, Emoneyhub Limited, and Football Ventures (Whites) Limited. Each of these businesses brings unique value propositions to their respective markets, further justifying the strategic investments made through the Future Fund.
Further names on the list are Gelmetix Limited, Gendius Limited, Happy Drinks Co Limited, Intechnica Group Limited, and Maxwellia Ltd. The inclusion of these firms demonstrates the fund’s ongoing commitment to supporting businesses with high growth potential in the region.
Additional companies such as Mindtrace Limited, Oxeco Limited, Pimberly Limited, Planks Clothing Ltd, and Quin Technology Ltd also feature in the Future Fund’s North West portfolio. The assistance provided to these entities aims to foster innovation and accelerate their growth trajectories.
Rinicare Limited, Samson Vti UK Limited, Shieldpay Ltd, Sorted Holdings Limited, Summize Limited, Tecs Group PLC, Trigenex Ltd, and Wejo Group Limited are the remaining companies that round out the list. The broad array of sectors represented by these firms underscores the extensive reach and influence of the Future Fund in bolstering the North West’s business landscape.
The Future Fund, though closed to new applications since January 31, 2021, continues to play a vital role in supporting companies across a spectrum of industries in the North West. Through its strategic investments, the fund aims to nurture growth and innovation, ensuring these businesses can contribute significantly to the regional and national economy.
