Northumbria secures funding worth up to £1.9 million to help SMEs and graduate start-ups

Northumbria University has launched a project that offers a package of financial support and expert advice to SMEs and graduate start-ups, thanks to funding from the European Regional Development Fund (ERDF).

The Northumbria Enterprise and Business Support 2 (NEBS2) also includes a financial contribution to help small businesses employ up to two graduates, typically on 6-month internships programmes.

With ERDF funding the support will run until June 2023 and is available to businesses in Tyne and Wear and Northumberland.

The aim is to provide a coherent package of services to enhance the competitiveness and growth of SMEs, and to support the creation of new graduate enterprises.

Businesses who are looking at ways to respond more effectively to the challenges of COVID-19, or recruit highly talented student interns, are encouraged to apply.

NEBS2 follows the success of a previous project which ran from 2015 to 2018 and benefited more than 150 businesses in the region. Overall, this latest project is expected to support 230 new and existing SMEs and provide internship opportunities to 120 graduates.

NEBS2 provides support through three key strands:

  • Part-financing internships to help SMEs grow and provide long-term employment opportunities for graduates
  • Mentoring support for new graduate enterprises
  • Free expert advice and guidance for businesses provided by leading academics at Northumbria.  

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