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
Capital Expenditure
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Sales and marketing
Investing in new products
Hiring a new team
Providing working capital
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:
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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.
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Frequently asked questions
What is the North East Development Capital Fund?
Managed by Maven, The North East Development Capital Fund (NEDCF) is part of the North East Fund, an investment programme to support high-growth businesses in the North East of England. The fund can provide capital to help companies pursue their growth plans by purchasing new machinery, investing in new products, expanding their operations or entering new markets.
Who can apply for funding?
High-growth and established SME businesses based in the North East of England can apply for funding.
What types of funding are available?
Debt finance, mezzanine loans or equity investments ranging from £400,000 to £2m.
What is the process for applying for funding?
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.
How long does the application process take?
The application process typically takes around 6-10 weeks from the initial application to receiving funding.
What is the repayment period for equity investments provided by the NEDCF?
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.
Can businesses apply for funding for any purpose?
Funding can be used for a range of purposes including expansion, product development, marketing and working capital.
What are the eligibility criteria for funding?
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.
Who can I contact for further information?
You can contact the NEDCF team directly through their website or by emailing northeast-enquiries@mavencp.com for further information.
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