NEL News & Insights
NEL views on the launch of the Northern Powerhouse Investment Fund II
Uploaded by Suzanne Smith in NEL News & Insights on April 3, 2024
The British Business Bank has recently launched the Northern Powerhouse Investment Fund II (NPIF II), bringing with it £660m to invest in businesses across the North, aimed at fostering growth and prosperity.
NEL will be delivering the Debt Finance Fund and Smaller Loans Fund in the North East, enabling investments of £25,000 to £2m to support growing ambitious businesses. Here we chat to members of the NEL team to see what the Funds mean to them.
Launch of the Northern Powerhouse Investment Fund II provides £660m boost for small businesses
Uploaded by Suzanne Smith in NEL News & Insights on March 21, 2024
The Northern Powerhouse Investment Fund II (NPIF II), aims to build on the success of the initial fund, with the purpose of driving sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North.
Financial checks that every business should carry out during the cost of living crisis
Uploaded by Suzanne Smith in NEL News & Insights on November 17, 2023
For many businesses, the effects of Brexit, COVID, the war in Ukraine and now inflation and the rise in interest rates have created a perfect storm, with rising costs of borrowing, supply chain issues and people and skills shortages. It’s making it more difficult for many businesses to […]
NEL strengthens investment team with Susan and Sarah appointments
Uploaded by Suzanne Smith in NEL News & Insights on April 25, 2023
Regional fund management firm NEL Fund Managers has strengthened its investment team with two new appointments.
Susan Snowdon has been recruited by the Newcastle-based firm as an investment executive, while Sarah Carr has joined the team in an investment administrator role.
NEL Fund Managers sign up to Good Work Pledge
Uploaded by Suzanne Smith in NEL News & Insights on February 7, 2023
NEL Fund Managers are proud to announce they are officially signed up to the North of Tyne Combined Authority’s Good Work Pledge!
The Good Work Pledge is a scheme where North East businesses can stand up and be counted for being fair employers.
North East Business Insider Year-End Q&A with Jonathan Luke, Chief Executive, NEL Fund Managers
Uploaded by Suzanne Smith in NEL News & Insights on January 16, 2023
North East Business Insider Year-End Q&A with Jonathan Luke, Chief Executive, NEL Fund Managers. How was 2022 for NEL? Did you experience a lot of activity? Completing our final investments of the year in the last week has enabled us to record our busiest ever year, with more […]
NEL Fund Managers Completes Record Investment Year
Uploaded by Suzanne Smith in NEL News & Insights on January 4, 2023
The North East’s longest-standing business investor has completed its busiest ever year after making investments in regional firms worth a total of almost £5.9m.
NEL Fund Managers completed 62 separate investments in businesses across Tyne & Wear, Northumberland and County Durham during 2022, topping last year’s previous record total by just under £250,000.
NEL Fund Managers wins accreditation for new iteration of the Recovery Loan Scheme
Uploaded by Suzanne Smith in NEL News & Insights on November 2, 2022
The North East’s longest-standing business investor has been confirmed as a provider for the new iteration of the Recovery Loan Scheme (RLS), with more than £4m being made available to regional firms. NEL Fund Managers has been accredited under RLS by the British Business Bank to provide loans […]