The North East Development Capital Fund can invest from £400,000 to £2 million to support established businesses via debt finance, mezzanine loans or equity investment to help fulfil their growth potential.
The £27 million North East Development Capital Fund (NEDCF), supported by the European Regional Fund, is part of The North East Fund, a £120 million investment programme available to SMEs across Durham, Northumberland and Tyne and Wear.
NEDCF is managed by Maven Capital Partners and can provide business support and a funding boost to businesses located in, or looking to relocate to the North East.
Are you eligible?
To be eligible for the North East Development Capital Fund a business must:
- Have a material part of its operations in the North East
- Have fewer than 250 full-time employees
- Operate in an eligible sector
- You’ll be required to meet a number of funding criteria, including job creation and a contribution to economic development.
How do you apply?
In order to apply for the North East Development Capital Fund, get in touch with Maven Capital Partners here.Find out more