The North East Growth Capital Fund (Supported By The European Regional Development Fund) backs ambitious businesses with unsecured investments of up to £500,000. The fund enables businesses to accelerate their growth potential and can form part of a larger funding round where required.
The fund is managed by NEL Fund Managers whose local investment team are committed to supporting sustainable business plans backed by credible management teams.
Bespoke funding packages can be tailored to individual business needs, typically via debt finance, mezzanine loans or equity investment.
Actively trading businesses across most sectors are eligible to apply to the North East Growth Capital Fund, with investments available for most purposes.
Job creation is an essential prerequisite of each application and applicants must be able to demonstrate affordability of fixed monthly repayments.
The Growth Capital Fund is available to SMEs across Durham, Northumberland and Tyne and Wear. Businesses relocating to the area may also be eligible.
NEL Fund Managers Limited
4 Enterprise House
Kingsway
Team Valley
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NEL Fund Managers Limited
LevelQ
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Stockton on Tees
TS18 3HR
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