BIC working with Rivers Capital to help local businesses access funding

BIC working with Rivers Capital to help local businesses access funding

The North East Business and Innovation Centre (BIC) has entered into a collaborative partnership with regional fund manager, Rivers Capital Partners, to provide one-to-one sessions for businesses interested in accessing finance.

The one-to-one sessions will be run on a fortnightly basis by a business support adviser from the BIC and a member of the investment team from Rivers. The sessions aim to make it easy for small businesses to access funding.

Jonathan Gold, managing director at Rivers said: “We know that it can be frustrating trying to find funding to accelerate your ambitions and the ‘next big thing’ can have the smallest beginnings.

“We bring a unique perspective to our investment decisions and we want to assist as many ambitious businesses as we can to access the funding they need to thrive.  Working closely with the BIC will help more regional businesses achieve their vision.”

Paul McEldon, Chief Executive at the BIC said: “I am delighted that we have been able to turn a very successful working relationship into a partnership that will benefit businesses at whatever stage.

“For over 20 years the BIC has supported business growth and access to finance is a big part of that. These sessions will help businesses to consider the best way to raise finance and fund their business growth.”