Business Support Finder
Finance for Business North East
The £125m Finance for Business North East programme is a suite of seven investment funds designed to drive future economic growth in North East England.
As the first of its kind in the England, the super-fund will provide vital investment to hundreds of fast-growing SMEs and increase the momentum of business enterprise and SME development.
The aim is to support 850 businesses across all sectors through loans and equity investments before 2014 from Tyneside to Teesside.
Ambitious companies based in the North East can access finance from seven different funds giving genuine choice and opportunity. These seven funds are managed by six different fund managers and target funding at companies from different sectors and stages of growth.
Finance for Business has been made possible by a collaboration between the European Investment Bank (EIB), European Regional Development Fund (ERDF) and regional development agency One North East (ONE). The EIB has provided funding of £62.5m with ERDF and ONE supplying the remaining £62m.
The overall programme is now managed and co-ordinated by North East Finance, which acted as a strategic advisor in the creation of the funds.
Businesses must be based in the North East of England.