The Investment for Growth Fund aims to create and safeguard thousands of jobs in the region and put the North East at the heart of the country’s economic recovery.
Business & Enterprise (BE) Group is delivering the help needed to ensure that firms take advantage of the offer. The fund will bring investment of around £10 million into the economy, providing subsidies of around 30 to 40% to eligible North East companies to undertake projects that will create or safeguard jobs.
Initial contact will be followed by one-to-one sessions with business advisers who will support eligible businesses through the entire process, ensuring those projects most likely to result in business growth receive an appropriate level of subsidy.
The programme, which is able to help both new and established businesses (including eligible social enterprises), will run until 2014. Applications may be made at any time.