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TYNEANDWEAR FINANCE NEWS

Thursday May 31 2018


Gateshead businesses invited to find out more about £120m North East Fund


Gateshead companies looking for investment to help grow their business, create jobs and deliver new innovations are invited to a special event being held to mark the launch of the North East Fund.



Gateshead businesses invited to find out more about £120m North East Fund

The event, taking place from 8:30am on Tuesday 5 June 2018 at Gateshead Civic Centre (Council Chambers), is open to companies of all sizes operating across all industries who may be considering funding to accelerate future growth, develop new ideas or engage new technologies in order to unlock potential.

The event will provide a unique opportunity for business owners to meet with North East Fund managers, local economic development and financial representatives. Attendees will be able to discuss the benefits of investment for growth, obtain information regarding the five separate fund categories available within the North East Fund and network with other organisations who have previously gone down the investment route to achieve success.

Andrew Mitchell, CEO of North East Fund Limited explained, “This is a great opportunity for Gateshead businesses to come along, find out more about the North East Fund and what exactly is available to them in terms of investment opportunities. More than £120m of investment is now accessible over the next five years through five different funds, namely The Venture Fund, The Development Capital Fund, The Growth Capital Fund, The Small Loans Fund and the Innovation Fund, and we anticipate over 600 businesses across the North East could directly benefit from it. This could also mean the creation of approximately 3,500 jobs which is a fantastic prospect for the region and will also create a legacy of around £80m for further investment.”

The North East Fund is managed by North East Fund Limited (NEFL) and delivered through four specialist fund management organisations including Maven Capital Partners, NEL, Northstar Ventures and Mercia Fund Managers. It comprises five separate funds that are available to SMEs across Gateshead, Durham, Sunderland, Northumberland, North Tyneside, South Tyneside and Newcastle local authorities.

Companies can register their interest in the event taking place at Gateshead Civic Centre (Council Chambers) from 8:30am on Tuesday 05 June 2018 by going to www.northeastfund.org or by emailing: info@northeastfund.org.

The last North East Fund event is taking place in North Tyneside on Wednesday 13 June 2018. More information can be found at www.northeastfund.org.



"This is a great opportunity for Gateshead businesses to come along and find out more about the North East Fund."
Andrew Mitchell, CEO of The North East Fund Ltd








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