Maven Capital Partners, one of the UK’s most active SME investors, was appointed earlier this year (2021) to manage the £57.5m NPIF – Maven Equity Finance.
It focusses on providing flexible equity funding to high-potential SMEs primarily based in the North West, with a focus on supporting their growth aspirations and contributing to regional economic development, job creation and innovation.
What one top tip would you give to a business owner embarking on a growth plan?
A good business plan is key. Putting your plans on paper serves two key purposes:
- It challenges you to accurately reflect the strengths and opportunities for your business, often helping a business owner to assess areas for improvement and manage future plans.
- Acts as a guide to your business for potential funders, representing the business in an accurate and accessible manner.
It is important that a business plan is realistic and reflects the business’ history, current trading and strategy going forward.
Why is Lancashire a great place to grow a business?
We are very excited about working with businesses in Lancashire. In addition to the large and diverse community of ambitious and forward thinking businesses across the region, Lancashire benefits from a dynamic workforce and well developed infrastructure which supports the growth aspirations of the region.
Why are you backing Boost Business Lancashire?
The highly collaborative and pro-active approach of Boost is perfectly aligned with the aspirations of the NPIF North West Equity fund, and the wider Maven offering. We believe that Boost are perfectly placed to connect us with those businesses across Lancashire with the potential to become the next stories for the region.