An event will be held at Ramside Hall, Durham, on 21 June where businesses with bright ideas can meet lenders and investors who can offer support for their plans through anything from a start-up loan, a multi-million pound equity deal, or anything in between.
Enterprises of all sizes, structures and sectors are now being urged to apply for the programme to explore different ways to finance their ambitions
FinanceCamp was developed by the team behind the region’s annual innovation conference, Venturefest North East, with backing from the North East LEP, North East Finance, the North East BIC and Innovate UK.
The event has been shaped by input from a wide range of businesses, government bodies, educational institutions and other organisations who want to get involved to support growth and innovation in the region.
Simon Green, executive director at Venturefest North East, said: "Venturefest's investor introductions have helped secure hundreds of thousands of pounds in finance for businesses across the North East over the past few years and FinanceCamp builds on this success story.
"Businesses told us that they needed more opportunities to explore their finance options throughout the year and we have responded with this exciting new programme designed to save time and simplify the investment process."
Hans Möller, innovation director at the North East LEP, said: “We know SMEs have struggled to secure finance in recent years and as such wholeheartedly support initiatives like FinanceCamp North East and our own North East Investment Fund, which provide businesses with the capital they need to grow and create new jobs.
“The Venturefest North East team has done a fantastic job getting this new scheme off the ground.”
Expert advisers will work with the participants to explain all of the finance routes open to them, helping them to weigh up what fits their plans and prepare their proposition to make it as attractive as possible to investors.
Once they are fully prepared, businesses will then be introduced to a range of potential funders.