New fund to support North East businesses

New fund to support North East businesses

Venturefest North East is working with the North East LEP and North East Finance to develop a new way to help companies access finance and grow their operations.

The team that delivers the region’s annual innovation conference, Venturefest North East, is looking to design a new programme of investment support that culminates at the annual event.

Details of the programme are currently being finalised and will be announced in April when tickets will also be released for the inaugural event on 21 June 2016 at Ramside Hall Hotel, Durham.

Support provided by the initiative will be dedicated to making it easier for companies of all sizes and sectors to secure the funding they need to develop ideas, innovate and grow.

Businesses will receive expert advice to make their propositions as attractive as possible to investors and will gain access to a wide range of funding sources.

Hans Möller, innovation director at the North East LEP, said: “The development of this new programme represents a positive, collaborative move by the region to solve an issue shared by the whole business community.

“It demonstrates how the North East is leading the way in shaping its future by designing a solution to the challenges faced. This will really help widen access to funding as well as help SMEs to develop and grow.”

North East businesses can register an interest in finding out more about the programme as it develops by emailing hello@venturefestnortheast.com