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Get in touch with the Council’s Economic Growth Team to discuss the financial support available to your business
Businesses can consider applying to organisations specialising in business finance for loans; there is a wide range of loans available, and they typically involve different eligibility criteria, such as industry or business size. Financial providers include FW Capital, UKSE, Northern Powerhouse Investment Fund (NPIF), British Business Bank and Business Enterprise Fund. Get in touch with the Council’s Economic Growth Team for direct referrals to the partner organisations.
Social Enterprise/ Not for Profit
There are a number of funds set up specifically to support Social Enterprises and Not for Profit organisations.
The Sir James Knott Fund is specifically designed to support charities in the North East of England, with financial support in the form of business grants. The organisation gives special consideration to charitable activities known to have been of interest to Sir James Knott, such as military and maritime organisations, youth clubs, projects to help the elderly. Similarly, the Greggs Foundation provides grants of up to £15,000 to charitable organisations in the North East of England, typically providing support in disadvantaged neighbourhoods.
Both start-up and established social enterprises in the North of England can apply to the Key Fund for either a grant or loan, to support with development or growth. The North East Social Investment Fund offers a range of different types of investment for established social enterprises and charities in the North of England, including loans, quasi-equity or social impact bonds, ranging from £100,000 to £1 million.