North East Development Capital Fund

High-growth and established SME businesses based in the North East of England can apply for funding.

Debt finance, mezzanine loans or equity investments ranging from £400,000 to £2m.

The application process involves submitting an online application form and providing details of your business plan and financial projections. The Maven team will review your application and arrange a meeting to discuss your proposal further.

The application process typically takes around 6-10 weeks from the initial application to receiving funding.

The repayment period will vary depending on the specific terms of the agreement. Maven’s investment team will discuss repayment terms with you during the application process.

Funding can be used for a range of purposes including expansion, product development, marketing and working capital.

To be eligible for funding, businesses must be based, or willing to relocate a material part of your operations, in the North East of England and have growth potential. They must also demonstrate a viable business plan and be able to demonstrate how the funding will help them achieve their growth ambitions.

You can contact the NEDCF team directly through their website or by emailing northeast-enquiries@mavencp.com for further information.