North East Finance (NEF) is the holding fund manager for the Finance for Business North East programme.
It is responsible for overseeing the delivery of the programme, both during the active investment period (to 31 December 2016) and through to the end of the expected realisation period (to 2020).
The company has an experienced non-executive Board with responsibility for delivery of the objectives of the Programme. To assist in this, there is also an Advisory Board comprising experienced venture capitalists and finance professionals.
North East Finance has a strong track record in developing regional investment funds and stimulating an entrepreneurial culture in the north east of England.
The organisation was instrumental in the development of the Finance for Business funds, using its experience to act as a strategic advisor to guide the process and secure European Investment.
Over the past decade, NEF's team was also responsible for sourcing and co-ordinating a range of innovative access to finance initiatives.
This included the creation of a suite of early stage investment funds for fast growing SMEs - which used European Regional Development Fund and government backed finance - as well as business support products and mentoring schemes to stimulate enterprise and improve investor readiness.
North East Finance is seeking to appoint a fund management organisation to take over the management of the investment portfolio of NEF's Finance for Business North East Technology Fund from the current fund manager and, potentially, to manage other venture capital investments from within NEF's portfolio.Read More
NEF is the holding fund manager of the Finance for Business North East (FBNE) programme, a suite of venture capital and loan funds which invested £160m in SMEs based in the North East of England from 201-2017.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