The £23m Growth Fund has been set up to help ambitious companies that are looking to expand and create new jobs across the North East to achieve their goals.

Managed by NEL Fund Managers Limited, the North East Growth Fund is designed to facilitate the creation of over 1,700 new jobs in the region, as well as helping to safeguard a further 1,500 jobs by the end of 2014.

We are aiming to make investments of between £50,000 and £750,000 in at least 108 established North East companies which are at a development and growth stage.

Investments will enable the chosen investees to put business development plans into action that they otherwise wouldn’t have the funds to execute as quickly, as comprehensively or even at all.

Companies in most sectors are eligible to apply to the Growth Fund, although there are a number of exclusions.  For more information about the Fund, or to discuss your particular requirements, please contact our investment team on 0845 111 1850 or via enquiries@nel.co.uk

The Growth Fund is part of the wider Finance for Business North East Fund - created by One North East - which will see £125m of investment capital injected into the region by the European Investment Bank, the European Regional Development Fund 2007-13 and the regional development agency over the next five years.