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Cramlington engineers’ growth plans backed by second North East Fund investment

(from left) Jane Siddle of NEL Fund Managers with Anthony Wilson and Don Robinson of Advanced Composites Engineering

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.

NEL Fund Managers Completes Record Investment Year

Jonathan Luke, CEO of NEL Fund Managers

The North East’s longest-standing business investor has completed its busiest ever year after making investments in regional firms worth a total of almost £5.9m.

NEL Fund Managers completed 62 separate investments in businesses across Tyne & Wear, Northumberland and County Durham during 2022, topping last year’s previous record total by just under £250,000.

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