About the Fund
The North East Development Capital Fund (NEDCF) offers an attractive alternative to traditional forms of SME finance or bank funding, providing investment capital of between £400,000 and £2m to help North East SMEs achieve their growth potential. Across the region there are dynamic, viable businesses with innovative product or service offerings, and led by high-calibre management teams, which are looking for the funding to help realise their potential. The success of those businesses will contribute to regional economic development, job creation and innovation.
The objective of NEDCF is to drive increased levels of investment in high-potential local businesses, by offering flexible funding options that will support them in developing new products, entering new markets or expanding their current operations (the finance available cannot be used to fund acquisitions). Whilst the Fund is primarily focused on established businesses, investment may also be available for start-ups where the business case supports it.