LONDON, 16 January 2020 – Boost Capital, a leading provider of small business financing, has become a member of the Northern Powerhouse Partner Programme.
As one of the few business lenders that provides funding to qualified business owners, under a range of circumstances, Boost Capital can help more businesses across the North unlock the capital they need to thrive. In the past 12 months, 25% of the businesses to receive Boost Capital funding are based in Northern England, including Kidzplay in Harrogate and Innovate Healthcare in Stockport.
Alex Littner, Boost Capital’s Managing Director, said: “We’re extremely proud to have joined the Northern Powerhouse Partner Programme and be part of the Government’s efforts to supercharge the northern economy. Our goal at Boost Capital is to ensure the lifeblood of the UK economy—small businesses— get the funding needed to grow. With this partnership, we pledge to support businesses in this dynamic region and anticipate at least one-quarter of our total UK financing will go to small businesses in the North over the next year.”
Minister for the Northern Powerhouse, the Rt Hon Jake Berry MP, said: “Supporting SMEs is integral to this Government’s ambition to level up our regions so that everyone can prosper and reach their full potential, especially as we prepare to get Brexit done and take our country forward.
“I’m excited to welcome Boost Capital as the newest member of our Northern Powerhouse Partner Programme. The provision of working capital for small businesses is essential for a flourishing Northern Powerhouse. I look forward to supporting their work in providing Northern SMEs with the tools, resources and investment they need to expand and compete in the global economy.”
About Boost Capital
Boost Capital champions the long-term growth and prosperity of small businesses by providing timely, flexible financing solutions. Boost Capital’s leading small business financing platform leverages customised underwriting and proprietary algorithms to fund businesses in the United Kingdom, and through its parent company BFS Capital in the United States and Canada. BFS Capital and Boost Capital have provided £1.6 billion in total financing to over 22,000 small businesses across more than 400 industries. For more information, please visit boostcapital.co.uk (UK) and bfscapital.com (US, Canada).
About the Northern Powerhouse
- The Northern Powerhouse is Government’s vision for a more prosperous North with good-paying jobs for hard-working people, better roads and railways, higher-performing schools and world-beating universities.
- The Northern Powerhouse Partner Programme is an essential part of creating the Northern Powerhouse.
- Government is looking to build a network of partners who all believe strongly in the economic potential of the North, and support the need for a combined effort by government and business to realise that potential. There are currently over 300 businesses and organisations signed up to the Partner Programme.
- Prospective partners can email NorthernPowerhouse@communities.gov.uk for more information about the Partners Programme and how to apply.