SME Finance Charter

NEL Fund Managers is a proud signatory of the Government’s SME Finance Charter and has made the following commitments to support small and medium-sized businesses across the North East of England.

 

We’re open for business and ready to lend

• Through NEL’s two active funds, we have over £8million to invest in North East SMEs in the year ending 31^st March 2023
• We have an extremely strong and dedicated team who have helped hundreds of businesses achieve sustainable success over the years, and we’re actively looking to support yet more SMEs with strong management teams and robust plans for the future

 

We’ll help you build back better after Covid-19.

• NEL has increased its funding options for SMEs by working collaboratively with the British Business Bank to offer government backed Covid finance support schemes
• We assess each business’s suitability for funding individually and will focus on growth prospects rather than past performance
• Our expert team will support SMEs throughout their growth journey and apply their accumulated knowledge and skills to help SMEs grow back stronger

 

We’ll support your application and signpost other options if needed

• NEL commits to supporting North East SMEs as they grow. In addition to our portfolio of invested SMEs we have pledged to support a further 98 SMEs with a minimum of 12-hours fully funded support in the year ending 31^st March 2023
• We strengthen SMEs prospects by directing them to our vast network of expert advisors when needed and to alternative finance providers when applicable

 

We’ll treat you fairly at all times

• NEL Fund Managers is a member of Responsible Finance, a nationwide group that is working to ensure fair and affordable access to finance and build resilient economies around the UK. As active members of this network, we strive to champion responsible finance and fully adhere to the Responsible Finance Code of Practice
• We are also proud supporters of the North East Initiative on Business Ethics, adhere to the CFA Institute Code of Ethics, and lead by example in our practices to encourage the businesses we work with to act responsibly

 

We’ll work with the Government-owned British Business Bank to support SMEs

• We proactively work with the British Business Bank to assist existing and new business customers to access our products, including through the use of Government backed schemes promoted by the British Business Bank