Funding for companies based in Northumberland, Tyne & Wear and County Durham
Our funds
The North Fund invests in companies based in Tyne & Wear, Northumberland and County Durham. Our team provides guidance on what our funds can offer and on other sources of business support available across the region.
Who we've helped
Inspired HR
- £90,000 Small Loan Fund Loan to HR Consultancy
- Funding Expansion in UK and Internationally
- 6+ New Jobs Created by Blyth Based Business
Inspired HR is using the £90,000 Small Loan Fund investment to strengthen the business’s legal and recruitment arms and take advantage of a range of opportunities for growth at home and abroad.
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Troo
- Initial £500k Venture Fund Investment
- Doubling Turnover At Sunderland Based Energy Brokerage
- Sales Director Among 50 New Staff Recruited
North East energy broker Troo is set to create 50 jobs after a further £500k investment from the North East Venture Fund.
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iPac
- £2.2m Development Capital Fund + VCT Investment
- Financing 8 New Production Lines – 80% Staff Increase
- Gateshead Packaging Manufacturer Aiming to Treble Turnover
Gateshead Packaging Manufacturer iPac secured £2.2m investment through the North East Development Capital Fund. The funding will support the scaling of the business, facilitating an increase in manufacturing lines from 5 to 13 within five years, alongside increasing headcount by over 80%.
Find out moreAbout the North East Fund
Funding for companies based in Northumberland, Tyne & Wear and County Durham
The North East Fund provides investment finance to small and medium sized companies based in Tyne & Wear, Northumberland and County Durham. We also provide guidance to companies on the different sources of finance and business support which are available in North East England.
Between 2018 and 2024, our funds invested £142m in 450 companies, helping those companies to secure additional funding of £291m – creating a £433m impact in the region to date. Over 3,700 new jobs have been created so far by our investees.
We provide finance to companies which cannot obtain the funding they need from banks or other private investors. This is usually because they are developing as-yet-unproven innovations, are too early-stage or lack the trading history or collateral to secure bank finance.
Our current programme has reached the end of its investment phase and so we cannot currently provide funding. However, we are working with regional stakeholders including The North East Combined Authority to establish new funds which we hope to launch in Spring 2025 – so please check this website for updates.
You can still get in touch to discuss other sources of funding and business support which are available in the region and for the latest update on when our new funds will launch.
About The North East Fund
The North East Fund has been established with funding from the North East of England European Regional Development Fund programme, the European Investment Bank and from returns on previous North East based, publicly supported investment funds, with the support of the Department for Business and Trade and the British Business Bank.
The North East Fund is jointly owned by the seven North East Local Authorities:
