Funds

The North East Growth Capital Fund (Supported By The European Regional Development Fund) backs ambitious businesses looking to realise their growth potential and create new jobs.

• Investments of up to £500,000
• Terms of up to 5 years
• Unsecured finance, without the need for Director's Guarantees
• Bespoke terms tailored to meet business needs

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The North East Small Loan Fund (Supported By The European Regional Development Fund) supports small businesses with big plans.

• Typical investment range £10,000 to £100,000
• Terms of up to 5 years
• Loans are unsecured, without the need for Director's Guarantees
• No arrangement fee on loans under £25,000

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NEL Fund Managers has successfully invested 13 funds, 12 of which have been fully realised. These mission-led investment funds have offered a range of debt, mezzanine and equity finance to businesses across all life stages, from university spin-outs and start-ups to succession takeovers and scale-ups.



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NEL Fund Managers is an accredited lender under the Recovery Loan Scheme (RLS). This means that we can offer government backed loans to eligible businesses in Durham, Northumberland and Tyne & Wear as they recover and grow following the Covid-19 pandemic.

Loans of £25,001 to £250,000
Loans are unsecured, without the need for Director’s Guarantees
Terms up to 5 years

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