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8th February 2022

NPIF – Maven Equity Finance invests over £17 million in 2021


Northern Powerhouse Investment FundNPIF - Maven Equity Finance

Maven celebrates a busy year investing in 14 local businesses across the Northern Powerhouse region

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund is delighted to announce that it has invested a total of £17 million in 14 dynamic, high growth businesses in 2021. In addition to the direct investments, NPIF – Maven has also successfully leveraged an additional £34 million in private sector finance for local businesses creating 402 new jobs last year alone.

Local companies that received investment in 2021 include eSales Hub, a technology business analysing big data using A.I,  Blueberry Therapeutics, a drug discovery and development company focused on developing innovative nanomedicines for difficult to treat skin and nail infections, and Membr, a fitness focused management software platform. Maven has also achieved a number of successful exits for NPIF including the sale of disruptive mortgage broker Mojo Mortgages to RVU, part of the Zoopla Property Group owned by the US private equity firm Silverlake.

Appointed by the British Business Bank in February 2017, Maven manages £96 million worth of equity finance after being allocated an additional £15 million to invest in businesses until the end of 2023 for the Northern Powerhouse Investment Fund, working with the Local Enterprise Partnerships (LEPs) and Combined Authorities in the North West.

NPIF – Maven Equity Finance can support a variety of businesses across a range of sectors from digital and technology to life sciences, and business and professional services to healthcare. As one of the UK’s most active and well-resourced mid-market private equity firms in the industry, Maven has invested in 65 businesses in total, created 960 new jobs. raised an additional £102 million since the fund’s inception.

The North West is one of the largest regional UK economies and Maven has a long term presence across the region and now has one of the largest investment teams in the area. The local Maven team were also recently named as one of the most active investors for the North West, backing ambitious businesses across several of the regions key growth industries.

Ryan Bevington, Investment Partner of Maven Capital Partners, said: “We’re delighted to be able to celebrate the fund’s most successful year to date and it’s a testament to the continued need for this type of finance. 2021 was really busy for our local team across the North West and the additional funding allocation will be instrumental in fueling the growth of more local businesses across the region.”

Sean Hutchinson of British Business Bank, said: “It’s been a very active year for the Northern Powerhouse Investment Fund and Maven, with many businesses set to get their growth plans back on track. NPIF continues to support the North’s business community helping them seize growth opportunities and deliver a stronger regional economy. This latest success is testament to the effective collaboration between NPIF, its fund managers and the wider network of stakeholders across the North West, as we look to build a stronger north.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Maven Capital Partners UK LLP is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 495929.

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