Tedco
Tedco can offer free start-up support to would-be entrepreneurs in South Tyneside. Through Start Up South Tyneside, Tedco’s team of business advisers can offer support around accessing loans and other finance, marketing, social media, legal and cash flow support, as well as signposting to other organisations that can help.
If you have business idea you want to pursue, Tedco can guide you through the process, whether you are right at the start of that process or at are ready to launch. Tedco also offer a range of business start-up workshops and seminars. The programme is funded by UK government through the UK Shared Prosperity Fund.
For more information visit the Tedco website.
The North East Growth Hub
The North East Growth Hub exists to help micro, small and medium enterprises in South Tyneside access the business support and funding they need to grow. Over 200 business support, funding and finance providers are listed on this digital resource, plus insights and useful tips for business growth. Some of the key regional business support and funding providers are also highlighted below.
For more information visit the Growth Hub website.
Social Enterprise Boost Fund
The Social Enterprise Boost (SEB) Fund aims to grow and sustain the social enterprise sector in local areas and demonstrate social enterprises’ impact on their communities. The programme, which will be delivered in South Tyneside by Project North East (PNE) and First Port for Social Entrepreneurs (Firstport), is funded by the Department of Culture, Media, and Sport.
SEB provides a combination of one-to-one support and coaching, group workshops and digital resources, and seed funding starting at £1K to stimulate, develop and grow social enterprise ideas that can positively contribute to the area.
For more information visit Firstport’s website, and PNE’s website
Scale-Up North East
Scale-up North East works with businesses that can demonstrate both the hunger and potential to achieve high levels of growth, and is available to eligible businesses in South Tyneside.
Through a matrix model of bespoke solutions, Scale-up North East works hand in hand with eligible businesses to overcome the barriers to scaling and open doors to new opportunities, driving increased profitability and long-term growth. The programme is funded by UK government through the UK Shared Prosperity Fund.
Businesses in South Tyneside can benefit from: tailored one-to-one guidance from a Scale-up Partner with real-world experience; specialist workshops and events tackling growth challenges such as leadership, funding, and innovation; and connections to wider regional support including other programmes funded through the UK Shared Prosperity Fund.
For more information visit the Scale-up North East website.
Digital Pathfinders
Digital Pathfinders is a fully-funded programme that helps businesses, charities and social enterprises across South Tyneside to adopt new technology to drive their organisation’s productivity and performance to become more successful and resilient.
Eligible organisations can access tailored one-to-one sessions and workshops on popular topics such as artificial intelligence, website development and digital marketing.
For more information visit the Digital Pathfinders website.
Made Smarter Adoption Programme
Made Smarter Adoption North East is a programme backed by world-renowned businesses and the UK government.
It connects manufacturers to digital tools, innovations and skills that can transform the way they work.
Made Smarter Adoption North East aims to drive growth amongst the region’s manufacturing businesses and advance the UK economy by improving the development and adoption of emerging technologies.
For more information visit the Made Smarter website.
Flexible Social Finance
Flexible Social Finance has been designed with the social sector, for the social sector, with the aim to provide access to affordable and flexible, repayable finance for socially trading organisations looking to grow their social impacts and improve self-sustainability.
This fund is specifically designed to address the challenges faced by socially trading organisations who are delivering significant social impact and may struggle to secure loans from traditional sources.
Organisations actively operating within South Tyneside with strong social impact goals who are struggling to secure affordable finance elsewhere may be eligible for investments of £50k – £400k, repayable over 1-5 years.
The fund is managed by delivery partner Big Issue Invest. For more information visit the Big Issue Invest website
North East Fund
The North East Fund has more than 20 years’ experience of providing investment finance to small and medium-sized companies based in Tyne & Wear. The North East Fund has launched three investment funds, which provide finance to start-up and existing companies across the North East.
The North East Accelerate Fund provides equity investment in early stage companies with high growth potential. The North East Elevate Fund provides loans to businesses which are trading and can service growth finance. The North East Spinout Inspire Fund provides investment in companies spinning out from the five North East Universities.
For more information on any of the funds visit the The North East Fund website.
NEL Smaller Loans Fund
Smaller Loans from £25,000 to £100,000
NPIF II – NEL Smaller Loans
- Small Business Loans
- For new or growing businesses
Whether you are an entrepreneur wishing to start your own business, an early stage or more established business looking to grow you may find it difficult obtaining the finance you need. Smaller Loans can be used to fill the funding gap for growth and development projects.
The NEL Smaller Loans Fund is managed by NEL. With over three decades of investing in growing businesses, we’ll work with you to achieve your business potential. The 1,000+ businesses we’ve invested in have benefited from bespoke finance solutions, strategic guidance and access to our network of sector-based experts including corporate finance advisors, business coaches, NED’s and other investors.
The fund is managed by NEL Fund Managers. For more information visit the NEL website.
NEL Debt Finance Fund
NPIF II – NEL Debt Finance from £100,000 to £2m
- Business Loans
- For businesses that can demonstrate growth potential.
As businesses grow, larger amounts of finance can be needed to move them to the next level. Funding might be for hiring a new team, launching a new product or service, funding marketing costs or purchasing new machinery or equipment. Debt finance is designed for companies that can demonstrate growth potential.
The NEL Debt Finance Fund is managed by NEL. With over three decades of investing in growing businesses, we’ll work with you to achieve your business potential. The 1,000+ businesses we’ve invested in have benefited from bespoke finance solutions, strategic guidance and access to our network of sector-based experts including corporate finance advisors, business coaches, NED’s and other investors.
The fund is managed by NEL Fund Managers. For more information visit the NEL website.
North East Create Growth Programme
The North East Create Growth Programme is designed to support creative businesses across the North East with the support and the investment they need to grow their business and turn their innovative creative ideas into the leading creative businesses of the future.
For more information visit the North East Create Growth Programme website.
Northstar Ventures Innovation Fund
Northstar Ventures are looking for ambitious and innovative teams with big ideas that will bring real societal improvements as well as venture scale commercial returns.
The Northstar Ventures Innovation Fund is for high-growth start up and scale up companies based in the North East. It is cross sector, but focusing on the climate tech and healthy ageing themes.
Find out more on the Northstar Ventures website.