Growth Capital Fund

Delivered by North East Fund

The North East Growth Capital Fund, supported by the European Development Fund, backs ambitious businesses with unsecured investments of up to £500,000

The fund is managed by NEL Fund Managers and is designed to facilitate the creation of 790 new jobs in the region and generate £18m worth of co-investment opportunities by investing in more than 70 local SMEs by the end of 2022.

Are you eligible?

You are eligible to apply for the North East Growth Capital Fund if:

  • You are an SME based in Durham, Northumberland and Tyne and Wear
  • Are relocating to Durham, Northumberland or Tyne and Wear
  • You use the fund for job creation within the North East LEP area
  • You can demonstrate affordability of fixed monthly repayments

How do you apply?

To apply for the North East Growth Capital Fund, contact NEL Fund Managers here.

Find out more