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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).

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.”

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 is increasing 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. FW Capital provides debt finance options from £100k to £2m to businesses based in the North West of England, with some flexibility to lend across the North.