Investment event to help SMEs in Northumberland

Posted on 08 Mar 2019 and read 713 times
Investment event to help SMEs in NorthumberlandNorthumberland-based business owners looking for funding to create jobs, develop innovative products and services and boost growth are being invited to an event that will help companies attract investment.

North East Fund, a £120 million investment pot delivering significant funding opportunities to regional SMEs, and Innovation Supernetwork are hosting a breakfast networking event at Amble Development Trust, Amble, on Wednesday 13 March from 9:30am (registration for 10am start).

Open to companies of all sizes across all sectors, it will allow business owners to meet with North East Fund managers, learn more about the Supernetwork’s FinanceCamp programme, and engage in discussion to find out how these opportunities can make a real difference to making a business ‘investor-ready’ through tailored support.

Attendees will be able to consider the benefits of investment for growth, obtain details of the five separate fund categories available within the North East Fund and network with other organisations who have previously gone down the investment route to achieve success, including guest speaker, Claire Hollyman from Trench Networks.

Jason Hobbs of the North East Fund (pictured) said: “This is a great opportunity for coastal businesses, as well as those located in the surrounding Northumberland communities, to find out about investment opportunities to enable growth.

More than 80 SMEs have already benefitted from funding over the last six months, including several operating in rural-based industries, therefore the event could really help Northumberland businesses to realise their ambitions.

“More than £120 million of investment is accessible over the next five years with an anticipated 600 businesses across the North East benefitting. It could also mean the creation of approximately 3,500 jobs and a legacy of around £80 million for further regional investment.”

The North East Fund is managed by North East Fund Ltd (NEFL) and delivered through four specialist fund management organisations including Maven Capital Partners, NEL, Northstar Ventures and Mercia Capital Partners.

It comprises of five separate funds that are available to SMEs across Northumberland, Gateshead, Durham, Sunderland, North Tyneside, South Tyneside and Newcastle local authorities.

Estelle Blanks, Innovation SuperNetwork executive director, said: “FinanceCamp centres on giving regional companies and entrepreneurs the chance to come face-to-face with investment and loan opportunities, broadening access to funding for North East businesses with growth potential.

“Understanding the investor landscape is essential to ensuring companies are on the right path to achieve success, so we’re delighted to be working with the North East Fund to deliver this event in Amble.”

Companies can register their interest in the event taking place on 13 March at Amble Development Trust via Eventbrite: www.eventbrite.co.uk/e/access-to-finance-with-north-east-fund-amble-tickets-55400506406.

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