North East businesses given opportunity to benefit from £120m investment pot

Funding | North East

Jason Hobbs

North East Fund, a £120m investment pot delivering significant funding opportunities to regional SMEs, and Innovation Supernetwork are hosting a breakfast networking event at Shotton Hall, Peterlee, on Wednesday 27 February from 9:30am.

Open to companies of all sizes across all sectors, it will allow business owners to meet with North East Fund managers and learn more about the Supernetwork’s FinanceCamp programme.

Attendees will be able to consider the benefits of investment for growth and obtain details of the five separate fund categories available within the North East Fund.

Jason Hobbs of the North East Fund comments: “More than £120m of investment is accessible over the next five years with an anticipated 600 businesses across the North East benefitting.

“It could also mean the creation of approximately 3,500 jobs and a legacy of around £80m for further regional 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 Capital Partners.

It comprises of five separate funds that are available to SMEs across Durham, Gateshead, Sunderland, Northumberland, North Tyneside, South Tyneside and Newcastle local authorities.

Companies can register their interest in the event taking place at Shotton Hall, Peterlee (Wednesday 27 February 2019) via Eventbrite: https://www.eventbrite.co.uk/e/access-to-finance-with-north-east-fund-peterlee-tickets-55399944726

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