Chester 01244 405555

Grosvenor Court
Foregate Street Chester
Cheshire CH1 1HG
DX: 19990 Chester

Shrewsbury 01743 443 043

Lakeside House
Oxon Business Park
Shrewsbury SY3 5HJ
DX: 148563 Shrewsbury 14

Airport City, Manchester 0844 800 8346

Office 129
Manchester Business Park
3000 Aviator Way
Manchester M22 5TG

Send us a message
Our Offices

Chester law firm helps seal landmark business investment

2nd February, 2011

A CHESTER law firm played a key role in the first investment made by a new £185m business investment fund designed to boost the North West economy.

Aaron & Partners LLP, which is headquartered on Grosvenor Court, Foregate Street, advised on the landmark deal completed by The North West Fund.

The £100,000 investment has been made into Manchester-based Glamorous Travel by Enterprise Ventures, which is responsible for managing the £30m venture capital element of the fund. Aaron & Partners, which employs 100 staff and also has an office in Manchester, advised Enterprise Ventures on the deal.

Stuart Scott-Goldstone, partner and head of the corporate commercial team at Aaron & Partners, said: “The legal process for the investment was concluded quickly and smoothly. “This reflects the great deal of experience Enterprise Ventures and Aaron & Partners have in completing investments in early-stage companies.”

The North West Fund, which was formally launched in Liverpool, is the largest public sector fund of its kind in the UK and one of the largest in Europe.

Its initial investment period runs until the end of 2015. By 2022, it is hoped it will have supported 800 businesses and created or safeguarded 14,000 jobs.

The fund has been set up to provide debt and equity funding to small and medium-sized enterprises (SMEs) across the region. Cash from the £185m pot is being made available to start-up companies, firms in the early stages of development and trading businesses looking to expand.

The fund is managed by North West Business Finance Limited, a not-for-profit private sector company, and is financed by the European Regional Development Fund and the European Investment Bank. It was announced at the recent launch that 300 enquiries had already been received, of which 150 are being reviewed by the fund’s managers.

Andy Duxbury, chief executive of Aaron & Partners, said: “The North West Fund will be of enormous benefit to the region and its SMEs, and we are proud to have played a part in its very first investment. “Our involvement shows that Aaron & Partners is at the heart of the North West business community.” Aaron & Partners, Cheshire’s largest commercial law firm, runs thriving matrimonial, wills, trusts and tax departments in addition to its full-service commercial offering.

You might also be interested in...

Ethics Guidance – Transparency in Price and Service

16th November, 2018

It is reported that a quarter of all complaints dealt with by the Legal Ombudsman revolve around costs therefore to avoid complaints and confusion, it is important to be clear from the outset. The new Transparency Rules (which the SRA have now confirmed will come into effect on 6 December 2018) require that accurate and relevant information is... Read More »

Aaron & Partners Increases Recommendations in Leading Industry Guide, The Legal 500

5th November, 2018

Aaron & Partners LLP has once again seen improved rankings in The Legal 500 – a comprehensive guide... Read More »

Mental Health and Stress in the Workplace – 3/3

10th October, 2018

In the lead up to World Mental Health Day on 10 October 2018, we have been posting a series of short articles discussing mental health and stress in the workplace. In this final article, we will be providing tips, to employers and employees, for managing stress and dealing with mental ill health in the workplace. Click here to... Read More »

Contact Us