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Private Ambulance Services secures £25,000 NPIF II cash injection

Press release 26 November 2024

Private Ambulance Services (P.A.S,) North West Ltd has received a £25,000 investment from NPIF II – River Capital & GC Business Finance Smaller Loans, which is managed by River Capital & GC Business Finance as part of the Northern Powerhouse Investment Fund II.

A portrait of the team from Private Ambulance

Based in Chorley, Lancashire, (P.A.S.) North West Ltd offers dedicated collection and delivery services of the deceased to public health organisations, funeral directors, and other public and private organisations and agencies across the UK and the North West.

Founded in April 2024 by co-directors Darren Moore and Ian Brammall, the business has quickly established itself as a reliable partner and has already secured several key contracts, including service provision agreements with major funeral service providers, public sector bodies, and agencies.

The funding will provide  (P.A.S) North West Ltd with crucial working capital to support its expansion plans. It has already invested £5,000 in new equipment and will use the additional funding to grow its fleet and enhance its website to provide direct cremation guidance. The investment will also fund an advanced IT booking system for seamless partner scheduling, improve telephone communications, and support staff development, including the creation of two new full-time positions.

Darren Moore, Co-Director of Private Ambulance Services (P.A.S.) North West Ltd said:

This investment from River Capital comes at a critical time for our business. As a startup in a specialised field, we've already made significant progress in securing contracts and building our reputation. This funding will allow us to accelerate our growth and improve our services to meet the increasing demand in our sector.

Ian Brammall, Co-Director of Private Ambulance Services (P.A.S.) North West Ltd added:

This NPIF II investment from River Capital has been a huge boost for P.A.S. It has allowed us to purchase the latest equipment to enhance our service provision to our partners. With new equipment comes enhanced staff training and this investment will help to ease the burden of these additional costs. It is very satisfying that River Capital has seen and supported our vision and ambitions with this investment and we found the entire process to be seamless thanks to investment manager Jonathan Nelson. We could not recommend Jonathan and River Capital enough and would not hesitate in directing other businesses to them.

Jonathan Nelson, Investment Manager at River Capital, commented:

We're pleased to support Private Ambulance Services (P.A.S.) North West Ltd in its early stages of growth. The company fills a vital niche in the deceased transportation sector, and we're impressed by the management team's experience and early traction in the market. This investment aligns perfectly with the NPIF II mission to support innovative businesses and create jobs in the region.

Sue Barnard, Senior Manager at the British Business Bank:

The Northern Powerhouse Investment Fund II was established to support the growth of Northern businesses including those just starting up or in the very early stages of growth. In the six months since Private Ambulance Services was founded, the company has demonstrated how NPIF II funding can be used to scale, supporting businesses that provide essential services to the region and helping them to reach even more customers.

The £660m Northern Powerhouse Investment Fund II covers the entire North and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.

The purpose of the Northern Powerhouse Investment Fund II is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North. The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage finance for Northern smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.

Further Information

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Notes to editors

About the Northern Powerhouse Investment Fund II 

  • Operated by the British Business Bank, the Northern Powerhouse Investment Fund II (NPIF II) provides a mix of debt and equity funding.  NPIF II will offer a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. It works alongside the Combined Authorities, Local Enterprise Partnerships (LEPs), and Growth Hubs, as well as local intermediaries such as accountants, fund managers and banks, to support the South West’s smaller businesses at all stages of their development. 
  • The funds in which the NPIF II invests are open to businesses with material operations, or planning to open material operations, in: Cheshire, Cumbria, Greater Manchester, Lancashire, Merseyside, City of Kingston upon Hull, East Riding of Yorkshire, North Yorkshire, South Yorkshire, West Yorkshire, Hartlepool and Stockton-on-Tees, South Teesside, Darlington, Durham, Northumberland, Tyneside, Sunderland.     
  • Supported by Nations and Regions Investments Limited, a subsidiary of British Business Bank plc, the Bank is a development bank wholly owned by HM Government. Neither Nations and Regions Investments Limited nor British Business Bank plc are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).

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