Finance for Business North East Fund

The Finance for Business North East Fund (JEREMIE) has invested £160m in around 950 companies across the north east of England and the Tees Valley,  with investments ranging in size from micro-businesses to those now listed on the London Stock Exchange.

  • 7 year investment period (2010-2016)
  • 4,000 new jobs created
  • 3,600 jobs safeguarded
  • £300m of private sector funding secured

The finance was provided by the European Regional Development Fund, The North East Local Enterprise Partnership, British Business Bank and the European Investment Bank.  Please click here for further details on investors and stakeholders

The £70m loan from the European Investment Bank was fully repaid in September 2019, allowing all future returns to finance investment initiatives in the region.

Whilst the fund is no longer actively investing, North East Finance remains responsible for a portfolio of investments in 450 companies across the region, including some of the most exciting and innovative businesses in the north of England.


The COVID 19 epidemic has created unprecedented challenges for businesses across the UK – not least in the North East. In response, the Government has implemented a range of measures to support both firms and employees. Please click on the button below for further information on sources of funding and advice. Our portfolio companies are encouraged to contact us directly if they require further information.

Tender opportunity – Procurement of Group Auditor

We are inviting firms to tender for the contract as external Group Auditor for North East Access to Finance and its other group companies, including North East Finance (Holdco), for a period of three years commencing with the financial year 2020/21.

Details of the contract requirements are in the Invitation to Tender. However, please note that interested parties who intend to bid must register their interest and will then be sent an Applicant Pack with further details and financial information on the companies.

The Auditor is required to report on the financial statements of the group and the individual companies, to examine underlying records and systems and to provide an opinion in accordance with UK GAAP and the Companies Act 2006. We have adopted FRS 102. The audit must be completed within the six-month timescale as detailed in the tender documents.

This opportunity has also been published on HM Government’s ‘Find a Tender’ service and Contracts Finder. Closing date 15 February 2021 at 12.00 noon.

The total number of remaining investments being managed is split by:

North East Growth Fund 10
North East Accelerator Fund 35
North East Proof Of Concept Fund 35
North East Technology Fund 35
North East Angel Fund 30
North East Growth 500+ Fund 5
North East Microloan Fund 300

FBNE also underpinned the success of Ignite – the leading edge tech incubator

In 2018, we launched a £120m successor fund, now under the independent management of The North East Fund Limited, and continues to invest in growing businesses across the North East Local Enterprise Partnership geography, through four specialist investment funds. Businesses actively seeking investment should click on the link above for further details.

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Invested from the funds


Private sector secured


New jobs created


Jobs safeguarded


Companies supported