Growth Capital  Fund

The Growth Capital Fund provides between £100,000 and £500,000 of unsecured investment to ambitious companies which need additional finance to boost growth or to consolidate their market position.


  • For Revenue Generating Companies
  • Raising £100-500k for Growth or Consolidation
  • For Recruitment, Capital Expenditure, Expansion Plans

Don't fit within the criteria?

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The Growth Capital Fund is managed by NEL Fund Managers, which has invested in over 750 North East businesses since 1989. As a long-established firm, NEL is well networked in the region and has supported the development and growth of businesses across all sectors including manufacturing, engineering, information technologies and the service sector.

The Growth Capital Fund is particularly suited to trading companies which can service a loan but which are unable to secure bank funding due to being too young (so lacking a credit rating) or to being at the limit of what a bank or other lender will offer. If this is the case, NEL could assist by providing an unsecured loan, equity investment or a hybrid of two – which may involve a loan with a repayment premium or share options. It is not usually necessary to give security over any company or personal property or for directors to give any personal guarantees.

NEL can tailor a funding solution to your company’s requirements, so contact them to discuss how an investment might work for you. It can be used for most purposes, including working capital requirements such as acquiring stock or recruiting staff to service a new contract. It can also finance capital expenditure like the purchase of plant and machinery, which can help unlock grant funding contributions to offset the cost of such acquisitions.

A County Durham engineering business which received Growth Capital Fund investment to help navigate disruptions caused by Brexit and Covid, says: “The assessment by NEL to access funds is straight forward and thorough. This means the support is timely and suitable to support businesses in need of funding.”

The investment process


If you already have a business plan, share it with NEL. If you do not yet have a business plan, you can submit an enquiry to NEL and they will provide you with a template.


Before and/or after providing the plan, NEL will meet with you to find out more about your business and plans and to explain the terms on which it could make an investment.


If the terms of investment are agreed in principle, NEL will then undertake due diligence on your company and on the information you provide, to verify it and confirm that investment is appropriate. Investment funds are provided following signature of legal agreements.

Interested in applying?

Check your company’s eligibility and suitability by phone or email with North East Fund or NEL Fund Managers. Discuss your product, future plans and funding requirements to check whether you should prepare and submit an application for investment.

Contact NEL Fund Managers:

T: 03453697007

Companies that we’ve backed


Useful links


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Contact details


T: 0191 211 2300


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