INVESTMENT EVENT TO HELP NORTHUMBERLAND SME BUSINESS GROWTH
Northumberland business owners looking for funding to help growth, create jobs and develop innovative products and services are being invited to an event that will help companies attract investment.
North East Fund, a £120m investment pot delivering significant funding opportunities to regional SMEs, and Innovation Supernetwork are hosting a breakfast networking event at Amble Development Trust, Amble, on Wednesday 13 March from 9:30am (registration for 10am start).
Open to companies of all sizes across all sectors, it will allow business owners to meet with North East Fund managers, learn more about the Supernetwork’s FinanceCamp programme, and engage in discussion to find out how these opportunities can make a real difference to making a business ‘investor-ready’ through tailored support.
Attendees will be able to consider the benefits of investment for growth, obtain details of the five separate fund categories available within the North East Fund and network with other organisations who have previously gone down the investment route to achieve success, including guest speaker, Claire Hollyman from Trench Networks.
Jason Hobbs of the North East Fund commented, “This is a great opportunity for coastal businesses, as well as those located in the surrounding Northumberland communities, to find out about investment opportunities to enable growth. More than 80 SMEs have already benefitted from funding over the last six months, including several operating in rural-based industries, therefore the event could really help Northumberland businesses to realise their ambitions.
“More than £120m of investment is accessible over the next five years with an anticipated 600 businesses across the North East benefitting. It could also mean the creation of approximately 3,500 jobs and a legacy of around £80m for further regional investment.”
The North East Fund is managed by North East Fund Limited (NEFL) and delivered through four specialist fund management organisations including Maven Capital Partners, NEL, Northstar Ventures and Mercia Capital Partners. It comprises of five separate funds that are available to SMEs across Northumberland, Gateshead, Durham, Sunderland, North Tyneside, South Tyneside and Newcastle local authorities.
Estelle Blanks, Executive Director of the Innovation SuperNetwork, added, “FinanceCamp centres on giving regional companies and entrepreneurs the chance to come face-to-face with investment and loan opportunities, broadening access to funding for North East businesses with growth potential. Understanding the investor landscape is essential to ensuring companies are on the right path to achieve success, so we’re delighted to be working with the North East Fund to deliver this event in Amble.”
Companies can register their interest in the event taking place at Amble Development Trust (Wednesday 13 March 2019) via Eventbrite: https://www.eventbrite.co.uk/e/access-to-finance-with-north-east-fund-amble-tickets-55400506406
Information about the European Regional Development Fund
The North East Fund will receive up to £58,500,000 of funding from the European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry for Housing, Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding.
Information about the European Investment Bank
The European Investment Bank (EIB) will lend up to £60,000,000 to the North East Fund programme. The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. For more information, visit: http://www.eib.org/about/index.htm