Business Support Package
One NorthEast has unveiled a £10m package of support to help regional businesses through current economic difficulties.
The details below explain the specific help available:
Selective Finance for Investment: Offers grant support to new and growing companies, creating and/or protecting jobs.
North East Investment Fund: The fund is aimed at providing gap funding for small and medium-sized firms who may not be able to secure financial support from traditional lenders.
North East Co-Investment Fund: Specialises in high growth technology opportunities, working alongside other investors such as business angels and venture capital firms.
Company Rescue Pathfinder: Targeted at North East firms having difficulty paying tax and VAT liabilities. The scheme works to reschedule debts while looking at future company prospects.
Energy Resource Efficiency: The scheme is targeted at helping manufacturing businesses tackle rising energy costs. Teams of specialist engineers work with firms to analyse energy usage and put in place an action plan to cut bills.
Companies seeking further information and advice on the new package of support should contact Norma Hope, One NorthEast External Affairs Manager, on Tel: 0191 229 6868 or e-mail: norma.hope@onenortheast.co.uk
Further details on the comprehensive package of business support can be found on the One NorthEast website.
The full suite of funds available through One NorthEast can be found here: Funding Ladder (PDF file, requires Adobe Acrobat to view)
Funding Ladder [pdf]
(516 KB)
