Partner Article

County firms get funding opportunity

NORTHUMBERLAND businesses will this month have the opportunity to find out how they can access support from the regional £125m investment fund.

The Finance for Business North East Fund – managed by North East Finance – is hosting the latest in its series of regional roadshows in Morpeth on Wednesday September 22.

Entrepreneurs and ambitious companies looking to grow can learn about the six investment funds that make up the £125m super-fund and talk to fund managers about what they look for in a prospective investment.

Launched in January, Finance for Business North East has so far invested in more than £5m in over 20 companies across the region, leveraging in a further £7m in private investment.

Andrew Mitchell, chief executive of North East Finance, said: “The Finance for Business North East Fund is a fantastic resource for the region. The aim is to stimulate entrepreneurial activity, growth and job creation over the next five years.

“It’s a unique opportunity for local firms in all sectors to receive investment and advice to support their growth plans and it’s an opportunity they shouldn’t miss. We need to ensure that businesses, entrepreneurs, banks, professional advisers and business angels across the region are all aware of this.

“The level of interest since the launch has been very high as we expected it would be. There have been some exciting deals completed and the pipeline is very strong.”

The breakfast briefing will take place at The Corn Exchange, Morpeth Town Hall beginning at 8.30am.

This was posted in Bdaily's Members' News section by Ruth Mitchell .