Published: Jan 14, 2022
Focus: NPIF Maven Equity Finance
The local investment team, led by Paul Leyland, has been working hard to support businesses across Liverpool in a wide range of sectors and has already funded 12 local businesses to date, investing more than £8.5 million into the region.
Investments made by NPIF Maven Equity Finance include RedWigWam, which has developed a SaaS recruiting platform that connects flexible workers to employers. Founded four years ago by serial entrepreneur Lorna Davidson, who previously founded and profitably exited Tactical Solutions, the business uses AI-powered algorithms to match workers with employers’ short-term or ad-hoc opportunities. The firm sees 98% of posts filled within four hours, allowing them to meet fluctuating staffing requirements. The NPIF investment has enabled RedWigWam to expand marketing and PR activities, grow its team and further develop its innovative platform.
“Having delivered 12 growth capital investments into the Liverpool City Region over the last four years and seen an increased amount of deal activity, it is clear that establishing a presence here was a logical next step and it demonstrates our commitment to the area. Liverpool has a vast community of owner-managed businesses supported by outstanding professional advisers, however a very small number of equity providers are based here. Establishing a presence in Liverpool will help unlock significant investment into the region.”
Paul Leyland, Investment Manager of Maven Capital Partners for the Liverpool City Region on behalf of NPIF Maven Equity Finance
International chemical technology business, Liverpool ChiroChem, also received backing from NPIF Maven Equity Finance. Since it was founded in 2014, LCC has produced products that support global pharmaceutical companies during the drug discovery process. The NPIF investment is supporting the business as it grows its UK operations and will help provide the capacity required to deliver new projects with other world leading specialists in the pharmaceutical sector.
“Having Maven move into the City Region is great news. By helping innovative and ambitious companies grow and invest the Northern Powerhouse Investment Fund has had a fantastic impact on unlocking business potential and creating jobs in the City Region. Having a dedicated office here now means our local businesses will have the necessary help, both in terms of the initial investment process and the ongoing support they need to be able to sustain and grow. "I wish them a very warm welcome to the region and look forward to working together in the future.”
Mark Basnett, Managing Director of Growth Platform for Liverpool
“The Maven team has played a key role in success of the Northern Powerhouse Investment Fund since its launch in 2017, making a significant impact with businesses of all sizes through NPIF- Maven Equity Finance. We’ve seen many examples of this in action across Liverpool City Region and congratulate the team on opening this new office."
Sean Hutchinson at British Business Bank
If your business is in need of finance to help unlock its growth potential, NPIF Maven Equity Finance may be able to help. Contact Maven’s local team today on 0161 233 3500.