North East Growth Capital Fund

The Growth Capital Fund provides between £100,000 and £500,000 of unsecured investment to ambitious companies which need additional finance to boost growth or to consolidate their market position.

The Growth Capital Fund is managed by NEL Fund Managers, which has invested in over 750 North East businesses since 1989. As a long-established firm, NEL is well networked in the region and has supported the development and growth of businesses across all sectors including manufacturing, engineering, information technologies and the service sector.

The Growth Capital Fund is particularly suited to trading companies which can service a loan but which are unable to secure bank funding due to being too young (so lacking a credit rating) or to being at the limit of what a bank or other lender will offer. If this is the case and you want to grow capital funding, NEL could assist by providing an unsecured loan, equity investment or a hybrid of two – which may involve a loan with a repayment premium or share options. It is not usually necessary to give security over any company or personal property or for directors to give any personal guarantees.

NEL can tailor a funding solution to your company’s requirements, so contact them to discuss how an investment might work for you. It can be used for most purposes, including working capital requirements such as acquiring stock or recruiting staff to service a new contract. It can also finance capital expenditure like the purchase of plant and machinery, which can help unlock grant funding contributions to offset the cost of such acquisitions.

Are you eligible?

Check your company’s eligibility and suitability by phone or email with North East Fund or NEL Fund Managers. Discuss your product, future plans and funding requirements to check whether you should prepare and submit an application for investment.

Contact NEL Fund Managers:

E: [email protected]
T: 03453697007
www.nel.co.uk