The Finance for Business North East programme was established to provide debt and equity funding to SMEs based in the north east of England.
It is financed by the European Regional Development Fund (ERDF) and the European Investment Bank (EIB) under the European Commission's Joint European Resources for Micro to Medium Enterprises Initiative - it has otherwise known as the JEREMIE programme, and is managed by North East Finance.
During the investment phase, there were seven funds, each managed by an experienced fund manager with responsibility for making investment decisions.
at the close of the investment period (December 2016) it had:
These figures will continue to increase to the end of the realisation period in 2020.
North East Finance is the holding fund manager for the Finance for Business North East Fund and is seeking an FCA-regulated firm or individual with corporate finance/ portfolio management expertise to provide an independent investment and corporate finance advisory service to a portfolio of assets from within the FBNE portfolio. The appointment will be for 2 to 3 years.Read More
North East Finance invites law firms to tender for the provision of legal services.Read More
Find out more about our seven funds to help businessRead More
Find out how North East Finance is helping fund growth in TeessideRead More