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North East Venture Fund

Provided by North East Fund

The coronavirus is causing huge difficulties for businesses in the region. The North East Fund, and our fund managers, are continuing to support SMEs with their financing needs.

For Northumberland, Tyne & Wear and County Durham based businesses, and entrepreneurs looking for financial support or advice with projects that may help tackle issues caused by coronavirus, please email [email protected] with a short summary of your project and your requirements. A member of the team will get back to you.

You can also contact our fund managers directly via the links on this page.

Mercia Asset Management PLC manages the North East Venture Fund, supported by the Regional Development Fund (“NEVF”). NEVF is a £27.0million fund to support businesses across the North East region as part of the £120.0million North East Fund. NEVF invests in rounds up to £1.0million, with additional funding potentially coming from Mercia’s other funds, and is targeted at businesses at any stage of their development with a particular focus on innovative businesses and is available to SMEs across Durham, Northumberland and Tyne and Wear. The Fund is open for investments until 2022.

Mercia is a proactive, specialist asset manager focused on supporting regional businesses to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt; the Group’s ‘Complete Capital Solution’. The Group initially nurtures businesses via its third-party funds under management, then over time Mercia can provide further funding to the most promising companies, by deploying direct investment follow-on capital from its own balance sheet.

The Group has a strong UK regional footprint through its eight offices, 19 university partnerships and extensive personal networks, providing it with access to high quality deal flow. Mercia has c£500million of assets under management and, since its IPO in December 2014, has invested over £84million across its direct investment portfolio.

If you would like to find out more about how Mercia Asset Management PLC can help your business then please contact the team today.

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