PNE to invest £50,000 in sustainable start-ups

PNE launches £50,000 start-up fund

The group has launched a new programme which will provide grants of up to £1,000 to sustainable start-ups based in Tyne and Wear.

The new Sustainable Start-up Award, managed by PNE Enterprise, is set to provide grants of up to £1,000 to help 50 Tyne & Wear businesses cope with start-up costs.

The programme, the first of its kind in the region, will support new and emerging businesses by providing funding and practical support, including one-to-one mentoring appointments and tickets to workshops and masterclasses.

The initiative is designed for businesses that are younger than three months old and have been founded by entrepreneurs aged between 18-30.

To be considered for a grant, applicants must be able to show how their business supports at least one of the 17 Sustainable Development Goals (SDGs) outlined by the United Nations. The goals cover everything from health and wellbeing to poverty, gender issues and energy solutions.

Lee Longstaff, manager of the Sustainable Start-up Award, said: “The Sustainable Start-up Award provides an excellent opportunity to support more bright and innovative businesses who need that extra financial push to get started.

“It’s a fantastic opportunity which has not been previously available to Tyne and Wear start-ups.”

PNE Enterprise, part of social enterprise PNE Group, has supported over 10,000 North East businesses since its inception in 1980. The agency provides a range of funded and paid-for business support including a two-day start-up course, one-to-one advice and mentoring sessions and a business growth programme.

Dawn Cranswick, chief executive of PNE Group, added: “As an organisation, PNE Group has always strived to promote sustainability and to endorse responsible businesses.

"Our work with clients has enabled us to promote sustainable enterprise in the national and international sphere, and now we’re delighted to offer more dedicated support to businesses starting up in Tyne and Wear.

“We’re incredibly excited about the programme and the potential long-term impact it can make to businesses within the area.”