Frequently Asked Questions

Q  How is the North East Finance for Business Fund financed?

A  The fund is financed jointly by a loan from the European Invesment Bank and grants from the European Regional Development Fund and UK Government


Q  How much funding is available?

A  A total of £159.5m was invested across seven product funds up to the end of 2016. 


Q  For how long is the North East Finance for Business Fund open?

A  The fund is now fully invested


Q  What areas does the north east of England cover?

A  The counties of Durham and Northumberland; the metropolitan districts of Gateshead, Newcastle upon Tyne, North Tyneside, South Tyneside and Sunderland and the non metropolitan districts of Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton on Tees.


Q  What is an SME?

A An SME is an independent business which is not more than 25% owned by another company/group and that has less than 250 employees and an annual turnover not exceeding 50m Euro (£40m) or a balance sheet total not exceeding 43m (£34.5),


Q  What are the sectors into which the fund cannot invest?

A  Whilst the scheme is open to most business sectors, the following businesses will generally be ineligible for support:

  • Those subject to collective insolvency proceedings
  • Those in commercial property investment
  • Those covered by EC sector restrictions including the retail sector, housing, marketing of products in the agriculture, fisheries and aquaculture sectors, gambling, production of weapons and ammunition
  • Those which fall within the definition of a "business in financial difficulty" under the "Community Guidelines on State Aid for Rescuing or Restructuring firms in difficulty"

In addition the funds cannot be used to finance management buy-outs or management buy-ins



Northern RDAs GBER Notice

Events in August 2020 <<    >>
  • Indicates events in Teesside

Latest News

Procurement for Investment Advisory Service: OJEU Notice reference 19-481745-001 - NOW CLOSED

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

Tender for Legal Services - NOW CLOSED

North East Finance invites law firms to tender for the provision of legal services.

Read More


Prepare & Pitch Event: Is your business investor ready?

Read More

Pitch Perfect

Read More

The Funds

Find out more about our seven funds to help business

Read More

Focus on Teesside

Find out how North East Finance is helping fund growth in Teesside

Read More


North East Finance
3rd Floor, Baltimore House
Abbots Hill

Telephone 0191 250 5919

Join the Mailing List

North East Finance (Holdco) Ltd. Registered office, North East Finance (Holdco) Ltd, 3rd Floor, Baltimore House, Abbots Hill, Gateshead, NE8 3DF. Company Registration No. 07000577
“North East Finance” and “Finance for Business North East Microloan Fund” are trading names of North East Finance (Subco) Limited (Registered Number 07039229), which is authorised and regulated by the Financial Conduct Authority with reference number 718870