About The North East Fund

The North East Fund is a £120m investment programme available to SMEs across Durham, Northumberland and Tyne and Wear. Businesses relocating to the area may also be eligible. There are five funds – each with a different investment focus to suit the needs of SMEs depending on the sector in which they operate and where they sit on the growth curve.

Covid-19 is causing huge difficulties for businesses in the region. The North East Fund, and our fund managers, are continuing to support SMEs with their financing needs.

For Northumberland, Tyne & Wear and County Durham based businesses, and entrepreneurs looking for financial support or advice with projects that may help tackle issues caused by Covid-19, please email info@northeastfund.org with a short summary of your project and your requirements. A member of the team will get back to you.

You can also contact our fund managers directly via the phone numbers and email addresses provided on their entry under “The Funds” tab on this website.

For full details of the UK government’s Covid 19 support programmes, please see:

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

For further information on what help and support is available in the North East Local Enterprise Partnership area (Northumberland, Tyne & Wear and County Durham), please see:

https://www.northeastgrowthhub.co.uk/toolkits/covid-19-coronavirus-toolkit

Our funds

Innovation Fund

Proof of Concept and Seed Stage companies, average deal size is around £130,000 and £330,000 respectively.

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Venture Fund

Designed for start-up companies. Average investment size £500,000. Primarily focusing on equity deals, though debt is available.

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Funding for larger companies, via mezzanine instruments. Typical deal size up to £2,000,000.
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Growth Capital Fund

Targeting growth companies with difficulty accessing capital through established routes. Typical deal size £285,000. Debt and mezzanine funding.

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Small Loan Fund

Can support a wide variety of growth plans and typically advances loans of between £10,000 and £50,000.

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If you are based in the Tees Valley, investment funds are available for your business at: www.npif.co.uk

Case studies