North East Fund joins forces with Scale Up Durham

North East Fund joins forces with Scale Up Durham

Ambitious Durham based businesses looking to achieve high levels of growth are invited to learn more about the help and support on offer.

Scaleup North East has teamed up with the North East Fund to help growing businesses based in Durham the chance to speak to an experienced team of advisors to unleash their growth potential.

Scaleup North East, launched in January 2018 and will work with 1000 businesses all over the region supporting on direct and indirect intervention, scaleup expertise and funding. Programme director, Jason Legget explains:

“We understand that each business needs different support and that’s why the assistance we deliver is bespoke to the needs of individual businesses. Our experienced team of scaleup partners get behind your business, invest time, energy and resources to help you become the best you can be.

“Our scaleup partners are working closely with the North East Fund to ensure that all eligible businesses over the North East have access to the right support and funds to help them flourish and grow.”

Scaleup North East is already referring businesses in the Durham area to the NEF fund managers following the action planning process which highlights the need for finance to fund each business’s scale up plans. Scaleup Partner, Craig Huntingdon said

“The North East Fund is very much aligned with the aspirations of the Scaleup North East programme, offering access to finance to hundreds of business for whom traditional bank debt either isn’t available or appropriate.”

The North East Fund will invest £120m in businesses across Tyne and Wear, Durham and Northumberland. Comprising five separate funds, run by highly experienced investment management teams, the North East Fund will help entrepreneurs and companies to achieve their commercial objectives, providing growth and scale up capital in the form of debt, mezzanine and equity finance, depending on the needs of the business.

If your business is based in Durham and has the hunger and ambition to scale come along to our introduction event taking place 25th May at the Ramside. You will have the chance to talk to the scaleup partners as well as representatives from the North East Fund. Register your interest here >>

Businesses that think they could benefit from the programme visit www.scaleupnortheast.co.uk

RTC North is delivering Scaleup North East in partnership with North East Local Enterprise Partnership, and is part funded by the European Regional Development Funds Growth Programme 2014-2020. The project received a £700,000 grant from the Local Growth Deal through the North East Local Enterprise Partnership (LEP).

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