We’re working to help our clients get access to the £145m super fund to support the growth of hundreds of North East businesses – the Fund will go live early next year after an agreement was signed this week. The North East Fund will offer different types of equity investments and loans to firms to drive local growth, investment and job creation in the region.
The agreement has been signed by the seven Local Authorities in the North East, North East (SPV) Limited and the Department for Communities and Local Government (DCLG) which has responsibility for the European Regional Development Fund (ERDF) in England. The announcement has been heralded as a milestone in public sector support for regional business growth and will be a catalyst to access significant European Investment Bank (EIB) investment.
More information here.