North East Venture Fund

Delivered by North East Fund

The North East Fund is a £120.0 million investment programme available to SMEs across Durham, Northumberland and Tyne and Wear and can also be open to businesses which are relocating to the area. There are five funds, each with a different investment focus depending on the sector in which businesses operate and where they sit on the growth curve.

Mercia manages the Venture Fund under this programme which is a £27.0million fund investing up to £1.0million into innovative businesses across Durham, Northumberland and Tyne and Wear.

Funding available

Funding is available to all companies with high growth potential. The fund aims to provide a range of investment products, tailored to each specific requirement, including both equity and mezzanine debt. The Fund can either act as the lead investor or participate in syndication deals with other investors which the team has considerable experience in doing.

Investments span a range of different sectors ranging from software to metalwork and X-ray technology. The fund is able to support businesses at an early stage of growth and its average investment is £500,000. Mercia is able to provide further capital as businesses grow.

What they look for when providing funding:

Mercia has a broad focus in the region. They’re looking for smart and ambitious entrepreneurs who have a clear growth strategy for their business.

They’re looking for businesses that are addressing a specific market need with an innovative product or solution, in markets where they have built up experience and where Mercia can add value. 

Most businesses could be eligible for venture funding so we encourage business owners to get in touch directly. If something isn’t a good fit for Mercia, they will be happy to try to introduce to other providers of finance which may be more suitable.

How do you apply?

Click the link below to find out more and register your interest with the fund providers.

Find out more