Summary of Funding Options for North West Companies


Posted by superuser on Monday 7th of February 2011 | 0 Comment(s)

Our first event of 2011, Funding Options for North West Companies, which sold out twice (at 50, then 80 after moving to a larger venue) featured all of the fund managers of £185 million North West Funds including biomedical and environmental and energy funds.

Visit event page to see who attended (you need to log in to see the attendance list)

Here is a summary of the events, in terms of videos, slides and pictures.

The event was sponsored by:


Introduction by Manoj



Andy Leach - CEO, The North West Fund - £185 million funds

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North West Funds - Andy Leach

Andy has 24 years experience in Venture and Development Capital and Private Equity investing. A chartered accountant by profession, Andy switched careers whilst in Australia, spending 6 years with a domestic Australian fund, Byvest. On returning to his North West roots in 1992, Andy joined the Manchester Office of 3i, covering a broad range of investment opportunities. From 2002 to 2004 he was with Montagu Private Equity, where he headed up Montagu Capital, a business targeting investments of a size below those focused on by the core MPE business and, in 2004, he joined the Manchester office of LDC. Whilst at LDC, Andy's had responsibility for the management of LDC's investment portfolio across the North and, in some instances, further afield




Paul Gower - YFM Private Equity - £45 million Development Capital

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North West Development Capital Fund - Paul Gower - YFM

After graduating with a Masters Degree in Economics, Paul spent eight years at Burmah Castrol plc in a range of analytial, marketing and business development roles. Gaining a MBA after full time study at Manchester Business School, he worked within Pricewaterhouse Cooper's Business Regeneration Department prior to undertaking an interim General Manager position within the Halo Group. Paul joined YFM Venture Finance in November 2003 as an Investment Manager with the South Yorkshire Investment Fund. He has since moved to the Manchester office and works for YFM Private Equity.



Richard Young - EV Group - £30 million Venture Capital Fund

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North West Venture Fund - Richard Young - EV Group

Prior to joining EV Group in 2010, Richard was Executive Director at Manchester Technology Fund (MTF). Previously, Richard was an Investment Director at 3i plc, a leading international venture capital business. In his 19 years as a venture capitalist he has invested in over 40 companies, which together have created shareholder value in excess of £600 million. Some of the well known startups include Telecity and Transitive.



Andrew Carruthers - Managing Director, Spark Ventures - £25 million Biomedical Fund

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North West Biomedical Fund - Andrew Carruthers - Spark Impact

In addition to managing the stakeholder relations of Spark Group, Andrew sits on the Board of a number of portfolio companies, including DEM, Antenova, Uniservity and Sift, leading SPARK’s active participation in the development of these companies. Over recent years he has led the sale of Footfall to Experian for £36m and the sale of Pricerunner to Valueclick for $36m. He was previously a Director of NewMedia Investors responsible for capital raising and corporate finance for a range of technology businesses including Lastminute.com. Prior to that he was involved in the operational management of technology and finance as a Director or Founder of online information, TV and digital distribution companies in the US and UK. Andrew qualified as a chartered accountant with KPMG. He was appointed to the Board of SPARK Ventures in 1999.



Adam Workman - Partner, CTI Partners - £20 million Energy & Environmental Fund

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North West Fund for Energy and Environmental - Adam Workman - CT Investment Partners

Adam joined the Carbon Trust from 3i in 2002 and was a founding Partner of CTIP in 2006. He has over ten years experience in the energy and venture capital sector. His investments include CamSemi, Whitfield Solar, Marine Current Turbines and Intamac. Recently he co-authored the Carbon Trust’s report into investment trends the European Clean Energy Sector with New Energy Finance. Adam also sits on the European advisory panel for the Cleantech Group. He formerly worked with 3i and Shell Exploration. He has an MA in Natural Sciences and a Postgraduate diploma in Computer Science from Cambridge University.



David Smith - AXM Venture Capital - £15 million Digital & Creative Fund

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North West Digital and Creative Fund - David Smith - AXM Ventures

David joined AXM Venture Capital in 2011, with 25 years experience in advising and investing in growth companies, and has specialised over that time in the TMT sector. He has worked in venture capital, stockbroking and corporate finance with companies including 3i and KPMG. He has supported many software, IT services, creative and media companies from early stage funding through to IPO or sale.






1 hour Discussion















Pictures