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Key people at The North East Development Capital Fund.
The North East Development Capital Fund functions as a private equity growth expansion fund, providing finance to regional businesses. It offers debt, mezzanine, and equity investment, with individual deals ranging from £400,000 to £2 million. The fund exclusively supports the strategic expansion of established small and medium-sized enterprises (SMEs) within the North East of England.
Established in 2018, the fund was a key element of a broader regional economic development initiative. It was collaboratively managed by North East Finance, North East Fund, and Maven Capital Partners UK, backed by the European Regional Development Fund. This setup addressed the need for development capital among growing businesses in the area.
Serving established SMEs across the North East, the fund delivered tailored financial solutions to accelerate growth. Its core vision was to cultivate economic prosperity and unlock potential by empowering local businesses to scale effectively. The fund actively contributed to sustainable economic advancement for the North East.
Key people at The North East Development Capital Fund.
The North East Development Capital Fund has 2 tracked investments across 2 companies. The latest tracked deal is $10.0M Other Equity in Pockit in August 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 3, 2023 | Pockit | $10.0M Other Equity | Kelvin Reader | — |
| Mar 6, 2023 | Push Technology Limited | $1.2M Other Equity | The North East Development Capital Fund | — |
