For almost two decades, we’ve been a constant in the ever-changing landscape of business support and access to finance in the North East.
Established in 2001, we’ve become the North East’s largest volume provider of funding to growth businesses, helping over 25,000 companies since we were formed 18 years ago - but we remain focused on delivering more.
As managers of the North East Business Support Fund (NEBSF) - part financed by the European Regional Development Fund (ERDF) – we provide project-specific grants to growing businesses across the region. Over the past seven years, the fund has provided SMEs with over £5m to match-fund projects as broad as web design through to marketing and PR support, animation, SEO, social media, GDPR compliance, even Brexit planning – anything falling beyond the realms of business as usual work.
Our North East Business Support Manager, John King, said: “Our North East Business Support Fund has supported thousands of SMEs with over £5m of grants to help them move to the next level. This has helped create over 1,750 jobs and safeguard countless others.”
“We’re in the final year of the current fund and still have £450,000 available for County Durham, so if you’ve not yet accessed support, get in touch and see if we can help you.”
The NEBSF is for SMEs in County Durham, Tyne & Wear and Northumberland, with specific focus on County Durham, where businesses can receive up to 40% funding towards projects costing between £2,500 and £8,000. £290,000 is still available for Northumberland and Tyne & Wear businesses, which can access 35% funding towards projects between £3,000 and £8,000.
A recent independent Evaluation Report shows the NEBSF fund has yielded an impressive £4.40 economic boost for every £1 invested.
Find out more about our North East business funding and how it could help to grow your business.
