The Fund

The North East Growth Capital Fund (Supported By The European Regional Development Fund) backs ambitious businesses with unsecured investments of up to £500,000. The fund enables businesses to accelerate their growth potential and can form part of a larger funding round where required.

The fund is managed by NEL Fund Managers whose local investment team are committed to supporting sustainable business plans backed by credible management teams.

Bespoke funding packages can be tailored to individual business needs, typically via debt finance, mezzanine loans or equity investment.


Actively trading businesses across most sectors are eligible to apply to the North East Growth Capital Fund, with investments available for most purposes. Job creation is an essential prerequisite of each application and applicants must be able to demonstrate affordability of fixed monthly repayments.

The Growth Capital Fund is available to SMEs across Durham, Northumberland and Tyne and Wear. Businesses relocating to the area may also be eligible.

For more information about the Fund or to discuss your proposal, please contact our investment team on 0345 369 7007 or via our online enquiry form.


To begin the application process, we will need a business plan, if you don’t yet have one, we can supply you with a template to help illustrate your proposal.
During the investment process you will be asked to supply further information to support your application. We will talk you through the process during your initial conversations with us and support you throughout.
Please get in touch to discuss your requirements and we can talk you through your options.

Who our funds have helped…