Northern fund management giant FW Capital has appointed Grant Peggie to its senior team as a fund raising manager.
FW manages some of the biggest funds for SMEs in the North, including around £162.2m of the £500m Northern Powerhouse Investment Fund, the £10m Tees Valley Catalyst Fund and the £20m North East Property Fund.
Peggie is the former director of VC Solutions at the British Business Bank and will be responsible for securing new fund opportunities across the UK. This will bolster FW Capital’s strong record of delivering funds to support SMEs in the North, driving more job creation, innovation, and economic growth.
With over 20 years’ experience working with regional SMEs, Grant was instrumental in launching the first regional venture capital fund and headed up the regional funding team at the British Business Bank. Here he worked across the Northern Powerhouse Investment Fund (NPIF), Midlands Engine Investment Fund (MEIF), and the Cornwall and Islands of Scilly Investment Fund (CIOSIF). He was also part of the team which led to an allocation of £1.6billion of new funds as part of the Government’s Spending Review.
Peggie said: “I am delighted to join this highly experienced and passionate team. My focus is on fundraising which is vital in opening doors for many more businesses seeking financial support to take them to the next stage. By facilitating smart investments, we can help SMEs to unlock their potential and accelerate economic growth.”
Mike Owen, FW Capital chief executive, said: “This is a great appointment for FW Capital, and we welcome Grant to the team. We are committed to helping businesses in the North access the capital they need, and Grant’s appointment supports our ambition to secure further new funds. The current climate is difficult for many and having access to the right financial backing is critical for business and economic growth.”
