Funding for companies based in Northumberland, Tyne & Wear and County Durham

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Who we've helped

Inspired HR

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 l-r Peter McLeod, Andrew and Rachel Richardson, Alex Simpson 2000x990

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_North_East_Fund

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%.

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About the fund

Funding for companies based in Northumberland, Tyne & Wear and County Durham

The North East Fund invests from £10k to £2m in SMEs based in Tyne & Wear, Northumberland and County Durham. Companies at all stages of development and in most sectors are eligible. Our team provides guidance on what our five funds can offer and on other sources of business support available across the region.

More about our five venture capital and loan funds

The North East Fund is a suite of five venture capital and loan funds which was established in April 2018 and will invest over £120m in around 450 companies in the period to December 2023. Our fund managers provide investment finance and business development advice to small and medium sized enterprises based in the seven Local Authority areas of North East England: Northumberland, North Tyneside, Newcastle, South Tyneside, Gateshead, Sunderland and County Durham.

The programme encourages investment in and the commercialisation of new technologies, including low carbon technologies, as well as stimulating new business creation, private investment and entrepreneurialism in the North East, with a view to creating over 2,500 new jobs.

The North East Fund has overall responsibility for the programme, which is delivered through five separate funds, each managed by independent, FCA regulated fund managers – as detailed in “The Funds” section of this website.

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, Energy and Industrial Strategy and the British Business Bank.

It is jointly owned by the seven North East local authorities:

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