It’s all new!

The provision of venture capital for new and growing businesses in the North East of England is about to get a boost. A new £125m holding fund has been established with investments from the European Investment Bank, European Regional Development Fund and One North East (ONE), the regional development agency for the North East of England. 

ONE has appointed North East Finance (NEF) to be the holding fund management company, responsible for overseeing the introduction and operation of a number of individual investment funds.
 
Six new funds are being launched in January 2010 – managed by five different fund management companies. The funds are targeted at start-ups and growing companies across sectors and stages of development and will invest from £5,000 to £1.25m in hundreds of deals from 2010 to 2014.

More information will follow soon – please keep checking this page.

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