NWBFNorth West Biodiversity Forum (UK)
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Cliff Maylor, chief executive at NWBF, added: "The Micro Fund will extend our offering and support the region's growing businesses with smaller investments.
Andy Leach, chief executive of NWBF, said: "While it has taken longer than expected to establish, I believe that The North West Fund is now in a position to provide investment capital to a range of businesses across the region at a critical time."
The NWDA and the European Regional Development Fund (ERDF) have set up a new company - NW Business Finance (NWBF) - to oversee the selection of the fund managers.