This £20m fund will assist relatively mature companies at the development and growth stages. Companies benefitting will mostly be revenue generating and looking for growth capital up to £400k with a typical average investment per business of around £150k.
A significant proportion of the money from this fund will be invested in quasi-equity type deals or as quasi-equity instruments within mixed deals.
The North East Growth Fund will be managed by NEL Fund Managers Ltd.
Please contact NEL on 0845 111 1850 or email enquiries@nel.co.uk for more information.
NEL Fund Managers
Akenside Studios
3 Akenside Hill
Newcastle upon Tyne
NE1 3UF
Tel: 0845 111 1850
Fax: 0845 111 1853
www.nel.co.uk
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