Supporting the Region's Businesses
Home to 247,000 businesses and a strong regional
economy, the Northwest is a great place
to live and work. The wealth of regional, national and
international businesses is complemented by a true entrepreneurial
spirit which has seen business start-ups on the rise even during
difficult economic times.
Competitiveness, growth and efficiency are the building blocks
for securing a strong business future for the region – but the
reality of building businesses is rather more complicated, which is
why we have strategies and
policies for supporting businesses in the area; to
help them turn their ideas for success into a reality.
The NWDA wants to support the
region’s businesses and promote the Northwest as a
suitable home for international
businesses.
A healthy economy isn’t just about growth; it’s also about
helping businesses weather financial storms, such as the current
economic crisis. We do this through offering advice and financial support to
businesses.
The Agency is investing heavily in the financial support it
offers to businesses in the region, offering small loans for
business as well as a transitional loan fund to help SMEs facing a
temporary shortfall in their working capital. Our new Venture
Capital & Loan Funding is due to be launched later this year,
offering a combination of loan, equity and mezzanine funding to
support business growth. And we have an innovative private equity
investor network, Northwest Business Angels, who invest in new or
expanding businesses. We also offer funding for business
investment, innovation, R&D and resource efficiency.
The world has a fast-paced economy and the Northwest’s business
landscape is constantly changing – and our businesses need to adapt
to survive. To aid this, we also promote the development of
business innovation
and advancements in key business
sectors.
The NWDA also promotes sustainable consumption &
production in the region as well as supporting the
region’s businesses to become corporately responsible.
Find Out More