THE Northern Powerhouse Investment Fund (NPIF), which is delivered by British Business Bank has invested £2.5 million into businesses based at Alderley Park, the UK’s largest single-site life science campus.
The investment forms part of NPIF’s £10 million milestone that was recently achieved in the Cheshire and Warrington region.
Alderley Park offers bioscience facilities for life science companies at every stage and is home to over 200 businesses.
The milestone includes a £150,000 loan to Aptus Clincal from NPIF - FW – FW Capital Debt Finance, which the company received in 2018.
Also based at the site and supported by FW Capital, Alderley Analytical received two investments of £300,000 in 2018 and 2019 to fund the purchase of two mass spectrometers.
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Most recently, Colibri Scientific received an £80,000 loan delivered by NPIF – BFS and MSIF Microfinance.
Dr Kath Mackay, managing director of Alderley Park, said: “Access to funding is a hugely important issue and our ecosystem of innovative, ambitious businesses at Alderley Park has been well supported by the NPIF, as this milestone demonstrates.”
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