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Teesside firm secures £500k NPIF II funding to boost new contract win

Press release 15 January 2025

Fast growth continues for Wade Construction Management Consultants after receiving a £500k investment from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II).

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Headquartered in Darlington, the construction management firm recently won a major global partnership agreement with one of the largest pharmaceutical companies in the world. The NPIF II funding is supporting the uptick in activity from this partnership, which will create over 20 jobs and support future growth.

Wade Construction Management Consultants has trebled in size over the last two years. This latest funding is the business’ second round of investment from FW Capital. Last year Wade Construction Management Services received finance to support its rapid growth in the pharmaceutical and life science industries. It also supported the launch of the Wade Academy, which provides training and development to enhance the support provided to employees working in the construction sector and meet the industry standards of excellence.

Managing director, Daniel Wade, launched Wade Construction Management Consultants in 2018 to remove the overspend risk that is associated with traditional methods of procurement. Wade Construction Management Consultants works with clients to deliver projects quickly, producing an accurate costing and scheduling projection, giving them a strategic and competitive advantage when partnering on projects. The firm is a key operator for construction management in the pharmaceutical, life science and process sectors. It works to close the gap between the creation of vital medicines and delivery to the service users by facilitating effective, strategic and professional project and construction management.

Daniel Wade, Managing Director at Wade Construction Management Consultants, explains:

We've seen the business grow rapidly and this latest round of funding gives us further confidence to take on new opportunities and fulfil this new partnership agreement. As a business we've demonstrated our agility to support clients and provide fast solutions. This collaborative way of working has proven to be successful, providing clarity for our clients, reducing risk and helping to speed up project completions. As a result, our business has trebled in size and this latest contract win is a significant boost to our business. We're also continuing our focus on bridging the skills gap in the construction industry with the Wade Academy, helping to create more opportunities to work in collaborative environments and change perceptions.

The backing from FW Capital has once again been great. FW Capital is the only lender that has taken the time to understand us and back our business aspirations. Dave Hawkins and the team get what we do and are very easy to work with.

Dave Hawkins, Portfolio Executive at FW Capital said:

Daniel and his team have delivered on everything they set out to do from the first round of funding and this latest injection of finance is fuelling further expansion. They've secured a significant new contract with a global pharmaceutical business and needed some working capital support this and help to create new jobs. It's fantastic to be part of their journey and watch the business prosper.

NPIF II - FW Capital Debt Finance can provide loans in the NPIF II area with a primary focus on the North West regions of Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside.

The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England 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 Northern Powerhouse Investment Fund II aims to build on the success of the initial fund, with the purpose of driving sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North of England.

The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage finance for the North’s smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.

For Further information

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Notes to editors

About The Northern Powerhouse Investment Fund II (NPIF II)

NPIF II is a £660 million investment fund to support the growth of small and medium-sized businesses across the North of England launched in March 2024.

The Northern Powerhouse Investment Fund II is one of a series of new Nations and Regions Investment Funds launched by the British Business Bank delivering a £1.6 billion commitment of new funding to drive sustainable economic growth.

The Northern Powerhouse Investment Fund II offers a range of commercial finance options with loans from £25,000 to £2 million and equity investment up to £5 million. The fund covers the entire North of England including Greater Manchester, Liverpool City Region, Lancashire, Yorkshire & the Humber, Cheshire & Warrington, Cumbria, County Durham, Tyne & Wear, and Northumberland.

It aims to tackle an identified funding gap between the North and South of England and increase the supply and diversity of early-stage finance for smaller businesses.

FW Capital manages the £75 million NPIF II – FW Capital Debt Finance fund, part of the Northern Powerhouse Investment Fund II on behalf of the British Business Bank. Finance of £100,000 to £2 million is available to businesses in the North of England with a focus on Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside.

Find out more on the Northern Powerhouse Investment Fund II. 

About FW Capital

FW Capital is a fund management company currently managing UK-based funds of £390.8m

For further information visit https://fwcapital.co.uk/about-us/performance-and-impact.

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