North East Development Capital Fund
Debt, mezzanine and equity finance from £400,000 to £2 million for SMEs located across North East England.
Take the next step in your growth journey
Investments from £400,000 - £2 million
Range of funding options available: Debt finance, mezzanine loans or equity investment.
Available to North East businesses
Available to SMEs across Durham, Northumberland and Tyne and Wear.
Flexible funding to support growth
Funding packages can be tailored to individual business needs and growth strategy.
Available to established SMEs
Targets dynamic companies with strong management teams and ambitious growth plans.
About the Fund
The North East Development Capital Fund, supported by the European Regional Fund, is part of The North East Fund, a £120 million investment programme set up to support the growth ambitions of SMEs across Durham, Northumberland and Tyne and Wear.
The Fund can invest from £400,000 to £2 million by way of debt finance, mezzanine loans or equity investment. The primary focus is on supporting established North East businesses with strong management teams who have ambitious growth plans for their local business.
Helping you grow your business
The North East Development Capital Fund is designed for small businesses that need additional capital to grow, and can support a wide range of business finance needs including:
Purchasing new machinery
Sales and marketing
Investing in new products
Hiring a new team
Providing working capital
Investments led by the North East Development Capital Fund
We are excited about our expansion into Newcastle, which is one of the most vibrant cities in the United Kingdom. We are looking forward to our partnership with Maven who are one of the leading investors in the United Kingdom and will be a strong partner in the years to come.
Virraj Jatania, Founder of Pockit
Leaf has grown significantly in the last two years with very little capital investment. The whole team is excited about what we will achieve with the additional backing from investors and we are really pleased to welcome Maven as part of this round.
Gilbert Corrales, CEO of Leaf Grow
Hive has grown quickly in the last three years with very little capital. The whole team are now excited about what we will achieve with the additional backing from investors and are really pleased to welcome Maven as part of this round.
John Ryder, Managing Director at Hive HR
We are delighted to welcome the Maven VCTs to the business as a key funding partner. This transaction underpins our ambitious growth plans which will see us invest in additional thermoforming capacity and site improvements allowing us to further support new and existing customers as we continue iPac’s exciting growth journey.
Jonny Catto, Managing Director and Co-founder at iPac
I’m delighted that our partnership with Maven gives us the ability to accelerate our growth plans, and I’m excited to ramp up our investment in Newcastle, as well as in our key markets.
Jonathan Grubin, Founder & CEO at SoPost
We are building a secure future for applied food technologies in UK. Partnering with Maven will allow us to accelerate our plans and guarantee a great future for CRL Foods.
David Lambert, CEO of CRL Foods
The North East region
With a primary focus on supporting businesses across the North East, companies based in the following local authorities may be eligible to apply:
- North Tyneside
- Newcastle upon Tyne
- South Tyneside
- County Durham
Fund postcode eligibility checker
Find out whether your business is eligible to apply to the North East Development Capital Fund by submitting your postcode to check your company is based within the region the Fund can support:
Latest news & insights
Rising business confidence across County Durham and the North East
Maven completes £7.4 million series A investment in Oak Engage
NEDCF completes investment in MarTech specalist, RevLifter
Maven invests £750,000 in CRL Foods
Our local team
Our investment and portfolio executives come from a variety of commercial, financial and industry backgrounds with collective experience and skills, built up over many years, of supporting fast-growing businesses throughout the UK. Our team is here to ensure that you are one step closer to fulfilling your business's growth potential.
Senior Investment Manager