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North East Fund
North East Fund is a venture capital and loan programme which provides finance to companies based in the North East of England and guidance on business support...
North East Fund
North East Fund is a venture capital and loan programme which provides finance to companies based in the North East of England and guidance on business support available in the region. With support from the North East Mayoral Strategic Authority and North East Combined Authority, it has launched three investment funds providing finance to start-up and existing companies across the North East. It has more than 20 years’ experience of providing investment finance to small and medium-sized companies based in Tyne & Wear, Northumberland and County Durham.
General information
Firm type
Private Equity
Year founded
2018
Location
Region
Europe
Country
United Kingdom
City
Newcastle upon Tyne
Corporate office
5th floor West One, Forth Banks, Newcastle upon Tyne, NE1 3PA, United Kingdom
Frequently asked questions
How does the North East Fund deploy capital?
The North East Fund allocates through three separate specialist vehicles. The Accelerate Fund, managed by Mercia Ventures, makes equity investments from proof of concept to scale-up. The Elevate Fund, managed by FW Capital, provides loans from £50,000 and equity up to £1 million for more established companies. The Spinout Inspire Fund targets companies formed to commercialise research from the region's five universities. Individual investments range from £10,000 to £2 million.
Which geographies does the North East Fund cover?
The fund's mandate is restricted exclusively to businesses based in Tyne & Wear, Northumberland and County Durham. Its spinout vehicle additionally draws specifically on intellectual property and research from Durham, Newcastle, Northumbria, Sunderland and Teesside universities. No investments are made outside these boundaries.
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