South Tyneside Business Growth Grant Scheme
The grant fund will support inward investment and the growth of companies in South Tyneside. It will provide capital funding for:
- the development of land for employment use
- the improvement of existing premises in the borough
- the introduction of new technologies or processes
- launching of products or services to new markets
- adopting new or improved products or services
For full details visit the South Tyneside Business Growth Grant Support Scheme webpage.
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.
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.
North East Innovation Fund
The Innovation Fund looks for strong teams with scalable opportunities and invests up to £500,000 by way of loans or equity. Where possible, it provides further investment to support accelerated growth.
If funding of more than £500,000 is required, the fund managers work with SMEs to identify potential investors who may provide additional finance as part of a syndicate.
The fund is managed by Northstar Ventures. For more information visit the Northstar Ventures website.
North East Venture Fund
The Venture Fund can invest up to £1m at any stage in the business life cycle but is specifically looking for those firms which are engaged in innovation or developing disruptive business models.
Funding is available to all companies with high growth potential and also pre-start enterprises. The fund aims to provide a range of investment products, tailored to each specific requirement, including both equity and mezzanine debt. The fund can either act as the lead investor or participate in syndication deals with others.
The fund is managed by Mercia Asset Management. For more information visit the Mercia Asset Management website.
North East Development Capital Fund
The Development Capital Fund can invest from £400,000 to £2 million to support established businesses via debt finance, mezzanine loans or equity investment to help fulfil their growth potential. The Fund targets dynamic companies with strong management teams and ambitious growth plans.
Funding packages can be tailored to individual business needs, with Maven providing both operational and strategic support. Maven can lead or syndicate investments and Maven’s other funds can provide up to £15 million in a single transaction to finance development capital and MBOs.
The fund is managed by Maven Capital Partners (Maven). For more information visit the Maven Capital Partners website.
North East Growth Capital Fund
The Growth Capital Fund backs ambitious businesses with investment of up to £500,000 to accelerate growth potential. The Fund can support a wide variety of growth plans and targets established businesses with strong management teams. Bespoke funding packages can be tailored to individual business needs, typically via debt finance, mezzanine loans or equity investment.
Repeat financing or co-financing with other funders to support plans requiring more than £500,000 can also be arranged where appropriate. Funding is typically provided on an unsecured basis without the need for Director’s Guarantees.
The fund is managed by NEL Fund Managers. For more information visit the NEL 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. The programme launched in November 2022 and will run until March 2025.
For more information visit the North East Create Growth Programme website.
The Social Enterprise Boost (SEB) 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 and Sunderland by Project North East (PNE) and First Port for Social Entrepreneurs (Firstport), is funded by the Department of Culture, Media, and Sport.
Find out more on the The Social Enterprise Boost (SEB) Fund.
North East SME Innovation Programme
The North East SME Innovation Programme offers 40% grant funding and advice to SMEs looking to gain a competitive advantage and accelerate growth by unlocking their innovation.
SMEs must be operating B2B, have been trading for at least 12 months, and based in Northumberland, Tyne and Wear or Durham.
To find out more or to arrange a chat, email innovation@ne-bic.co.uk or call 0191 516 6039.
North East Social Investment Fund
In today’s challenging landscape, Social Investment offers a real opportunity for social enterprises and charitable organisations to gain funding for long term capacity building and to increase their social impact.
The North East Social Investment Fund supports organisations across the North East of England by providing affordable finance, with investments from £100K to £1million that can be used for a range of purposes including operational costs, working capital, asset purchases, or a combination.
It is important that taking on investment enables you to improve or scale your social impact, without putting a strain on your organisation. An experienced team also offer their expertise and guidance, from developing plans to new income streams, ensuring that you are supported along the investment journey, as a valued investee.
Find out more on the Northstar Ventures website.