The total value of investments made by FW Capital across the North East and North West has passed the £100m mark.

The organisation established its first office in Newcastle in 2010 to support the £20m Finance For Business North East Growth Plus Fund. Since then, it has opened five more offices across the North and has launched six further funds aimed at growing businesses in the two regions.

These have invested £54m across the North West and £46m in the North East, which has helped to create and safeguard more than 6,300 jobs.

FW Capital now has £191m of funds under management, employs 25 staff and is eyeing up further applications from the four funds it has live.

Joanne Whitfield, North East fund manager at FW Capital, said: “Our investments have been used for many different purposes and we’ve seen a significant number of the businesses we’ve worked with go on to achieve national and even international success.

“Reaching this landmark is a real justification of our decision almost a decade ago to establish an active presence in England, as well as of the quality, ambition and success of the hundreds of businesses with which we’ve worked since.”

Gary Guest, North West fund manager at FW Capital, added: “FW Capital has made its own long-term commitment to being part of the economy of northern England, with long-standing team members based right across the area who understand what growing local businesses need to help them make progress, and we’ve developed strong partnerships with a range of stakeholders who are driving its continuing economic development.

“Demand remains strong for investments and loans from our different funds, and we’re actively looking to work with many more regional businesses in the years to come.”