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Key people at North East Venture Capital.
The North East Fund provides investment finance to small and medium-sized companies operating within Tyne & Wear, Northumberland, and County Durham. It operates as an investment programme, delivering capital through a suite of specialized funds designed to address various stages of business growth, including early-stage spinouts, accelerating enterprises, and established businesses seeking expansion. These funds are managed by expert partners, offering both equity and loan facilities to fuel regional economic development.
The initiative traces its origins back approximately two decades, evolving from efforts by regional development agencies to foster local enterprise, with its current iteration of funds established more recently with the support of the North East Combined Authority. This structure emerged from the insight that targeted, regionally-focused capital provision is essential to bridge funding gaps and stimulate the growth of small and medium-sized businesses across the North East of England.
The fund's beneficiaries are predominantly local SMEs seeking capital for their development and expansion plans, ranging from commercializing university research to scaling up operations. The long-term vision is to unlock significant investment for job creation and business growth, ensuring North East England's companies have access to crucial financial and business support to drive sustainable regional economic impact.
Key people at North East Venture Capital.
North East Venture Capital has 1 tracked investment across 1 company. The latest tracked deal is $1.7M Seed in TheFashion in November 2014.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 13, 2014 | TheFashion | $1.7M Seed | North East Venture Capital, Vækstfonden | — |