Run by regional fund management firm NEL Fund Managers, the Growth Fund is a general investment fund aimed at businesses at a development and growth stage based anywhere in the North East. It is now looking to make up to 15 further investments over the coming year of between £50,000 and £400,000, and is actively looking to hear from regional firms and their advisors who have plans to expand during 2016 and beyond.
The RGN has supported 16 projects to date, and the map above demonstrates the widespread area in which projects are located. The orange markers are Strategic Economic Infrastructure projects, and the blue are the Rural Business Growth Fund projects. A further five projects are in the process but not yet fully approved.
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