The Fund

Debt Finance from £100,000 to £2m

NPIF II – NEL Debt Finance Fund

• Business Loans
• For businesses that can demonstrate growth potential

As businesses grow, larger amounts of finance can be needed to move them to the next level. Funding might be for hiring a new team, launching a new product or service, funding marketing costs or purchasing new machinery or equipment. Debt finance is designed for companies that can demonstrate growth potential.

The NEL Debt Finance Fund is managed by NEL, whose local investment team are committed to strengthening the economy by accelerating the potential of ambitious businesses. We’ve helped hundreds of businesses achieve sustainable success over the years, and we’re actively looking to support yet more companies with strong management teams and robust plans for the future.

Eligibility

Actively trading local businesses across most sectors are eligible to apply to the NEL Debt Finance Fund, with business loans available for most purposes.

The NEL Debt Finance Fund is available to SMEs right across the North East of England. 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.

Process

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.