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Clarke Mairs backs finance for Business North EastClarke Mairs is backing the launch of an exciting scheme which offers funds exclusively to North East businesses.
Finance for Business North East, which launched earlier this year, is the first fund of its type in England. The scheme is split into separate funds to suit varying business sizes and needs. This includes Angel Match Funds aimed at businesses in the early stage of development, Growth Funds for relatively mature companies which are revenue generating and looking for growth capital, Accelerator Funds, Technology Funds, and Growth Plus Funds which are intended to address the higher end of the equity gap. The European Investment Bank has contributed £62.5m to the fund, while the European Regional Development Fund 2007-2013 and One North East have jointly contributed £62.5m, totalling £125m for the scheme. Tim Clarke, senior partner at Clarke Mairs, said: “We’re so pleased that a grant like this is now available for North East Businesses, especially given the uncertainty of the current economic climate. It’s great news for the region. “If any business owner would like more information or advice about the scheme, we encourage them to get in touch with us. We can identify which fund would be best suited to the needs of their company, and offer help and guidance through the application process.” General eligibility criteria for each of the funds is as follows:
More information about the funds can be found at: http://www.onenortheast.co.uk/financeforbusinessnortheast/index.cfm |
