Funding for North East businesses
Debt and equity finance available between £400,000 and £2 million.
Growth funding for established businesses
Take the next step in your growth journey with development capital finance.
The £27 million North East Development Capital Fund (NEDCF), supported by the European Regional Fund, is part of The North East Fund, a £120 million investment programme available to SMEs across Durham, Northumberland and Tyne and Wear.
NEDCF is managed by Maven Capital Partners and can provide business support and a funding boost to businesses located in, or looking to relocate to the North East.
The Fund can support established businesses via debt finance, mezzanine loans or equity investment to help fulfil their growth. Funding is available from £400,000 to £2 million.
To be eligible for NEDCF finance a business:
- Must have a material part of its operations or trading based in the North East.
- Be an SME within an eligible sector, with the ability to create jobs and contribute to economic development.
The North East Region
The Fund is only available to businesses who are based in, or looking to relocate to, the North East.
Businesses based in the following local authorities may be eligible to apply:
- North Tyneside
- Newcastle upon Tyne
- South Tyneside
- County Durham.
We are delighted that Maven is managing part of the North East Fund, with significant amounts of capital being invested alongside our Development Capital Fund, much of it being provided from Maven’s own resources. We look forward to continuing to work with Maven to deliver the growth finance required by ambitious companies here in the North East.
CEO of The North East Fund
Applying is as easy as 1, 2, 3.
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