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.

The North East Growth Capital Fund is designed to facilitate the creation of 790 new jobs in the region and generate £18m worth of co-investment opportunities by investing in more than 70 local SMEs by the end of 2022 and is part of the North East Growth Hub’s business support Provider Network.


Actively trading local businesses across most sectors are eligible to apply to the North East Growth Capital Fund (Supported By The European Regional Devleopment 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. If you are based in the Tees Valley, investment funds are available for your business at

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


If you already have a business plan please email it to Alternatively we can supply you with a template to help illustrate your proposal. If you require a copy please apply online or speak to our team on 0345 369 7007.

Once we have received your completed application a member of our investment team will be in touch to arrange an initial meeting. During the investment process we may ask you to supply further information to support your application.

Who this fund has helped…