The North East Development Capital Fund provides growth capital to support the growth ambitions of dynamic and innovative SMEs across North East England, including developing new products, entering new markets, and/or expanding their current operations.
The Fund has no sectoral bias and provides a comprehensive range of flexible funding solutions which can be tailored to the specific needs of the business.
Whether you require debt funding, an equity investment, or perhaps a hybrid of the two in the form of a mezzanine loan, the NEDCF has options available to help management teams drive expansion and execute their business plans. Combined with the strategic and operational support Maven's experienced investment team can provide, NEDCF investment could be the right solution for your business.
The finance can be used to support a number of corporate scenarios including:
• Funding expansion projects
• Leasing new commercial premises
• Making asset acquisitions
• Hiring a new team
• Purchasing new machinery or equipment
• Filling gaps in working capital
*Please note that the finance cannot be used to fund acquisitions.
The funding is only available for North East businesses operating across the seven local authorities of Northumberland, North Tyneside, Newcastle, South Tyneside, Gateshead, Sunderland and Durham.Apply now
In order to be eligible for NEDCF finance a business must:
In order to fully appraise a funding application, Maven would expect to receive a detailed investment proposal covering the application requirements noted below.
Funding is only available for established companies and does not target any specific sectors, though there are certain restrictions which prohibit funding in sectors including pure real estate development activity, gambling related services & equipment and a number of other specific exclusions.