It's being published by Nick Jaspan and Bob Waterhouse, who I know back from the Newsco Insider days, and backed by the North West Equity Fund (one of the government-backed regional VC funds, about which I've written at length).
Jaspan and Waterhouse sold Newsco to RIM in late 1999. After RIM's acquisition by Johnson, the company floated in limbo for a while before completing its own MBO last year. As far as I know, they've not had much to do with it since. It seems a little odd then to find, while looking for more info on this brave new venture, that all the URLs that one might expect the new venture to occupy - nwenquirer.com, northwestenquirer.co.uk, etc - all seem to have been registered in February, a few days after the funding announcement, by Newsco Insider, and lead to a standard Insider Media Ltd page notable for its lack of reference to the new publication. It's possible, of course, that Insider is managing the Enquirer's online presence, though online operations have never been the strong point of the group. But it does rather suggest some skullduggery - a little opportunistic cyber-squatting on Insider's part, stemming from the fundamental error by the new business of not registering its URLs as soon as possible? If anyone involved would like to clarify the situation, I'd be fascinated to hear from them.