A growing Northumberland engineering business has opened up a new revenue stream with the backing of a second investment from regional fund management firm NEL Fund Managers.
Advanced Composites Engineering manufactures premium quality composite tubing for businesses across a wide range of sectors, from defence and aerospace through to sports equipment, marine and other commercial and industrial applications.
The North East’s longest-standing business investor has made investments worth a total of over £5.5m in regional firms during what has been its busiest ever investment year. NEL Fund Managers has complete 61 separate investments in businesses across Tyne & Wear, Northumberland and County Durham during 2021, at […]
Regional fund management firm NEL Fund Managers has given its official backing to supporting ex-service personnel as they move into civilian life and new commercial roles. Having invested in a number of businesses set up and run by former military personnel, NEL has now become a signatory to […]
A County Durham precision engineering firm has secured the first investment to be made from the new £120m North East Fund Supported By The European Regional Development Fund. Ronco Engineering has worked with NEL Fund Managers to secure a £250,000 investment from the North East Growth Capital Fund […]