North East Development fund

North East Development Capital Fund

North East Development Capital Fund (NEDCF), supported by The European Regional Development Fund, provides investment capital to support ambitious small and medium sized enterprises (SMEs) in North East England which are looking to develop new products, enter new markets and/or expand their current operations.

The Fund can back high growth and established businesses with up to £2m of capital and the funding can be used to support a range of corporate requirements.

The NEDCF is available to ambitious businesses located across the seven local authorities (LAs) of Northumberland, North Tyneside, Newcastle, South Tyneside, Gateshead, Sunderland and Durham.

The Fund can provide flexible equity, debt or mezzanine funding packages, with Maven also able to provide both operational and strategic support.

The Maven Team

Michael Vassallo
The North East is a hotbed for innovative smaller businesses, and there remains a clear need for this type of funding to help high-growth businesses fulfil their potential. We recognise that dynamic and well-managed businesses come in different shapes and sizes so our flexible funding solutions reflect this and can be used for a variety of corporate scenarios. We actively encourage established SMEs to get in touch and see how funding through the NEDCF could help drive expansion, capitalise on new contracts, or exploit market opportunities.

Michael Vassallo

Investment Director for NEDCF