North West Evergreen Fund

Organisation:

North West Evergreen Fund 

 

About:

The North West Evergreen Fund exists to support the delivery of commercial property and infrastructure projects in Greater Manchester, Cumbria, Cheshire and Lancashire.

The fund, which is supported by European Regional Development Funding and the JESSICA Programme as well as by 16 local authority partners, is a new approach to investment which sponsors a wide range of development opportunities where there is a clear benefit to the region’s employment, regeneration, environmental and economic prospects.

The fund will commit capital to commercial and light industrial regeneration opportunities, which meet European Regional Development Fund regeneration targets covering employment, remediation and floorspace outputs.

Developers with commercial property or infrastructure projects that can both drive regional economic growth and generate a financial return are able to apply to CBRE, who is the Investment Advisor to the Fund for loans of up to £15 million per project.

Money from the repayment of these loans will be recycled back into the fund to finance new projects. By backing sustainable schemes through an innovative mix of public and private funding, the partnership intends to underpin the region’s long-term growth prospects.

 

Involvement at Protos: 

The North West Evergreen Fund is providing a £5 million loan for infrastructure works.

 

Website:

www.northwestevergreenfund.co.uk

 

Contact: 

Andrew Antoniades, andrew.antoniades@cbre.com 020 71822587

Will Church, will.church@cbre.com 020 7182 2867