Funding News – Finance for Business North East Accelerator Fund

Venture capital is available for pre-start and early-stage small to medium-sized enterprises in the North East of England.

The £20 million Accelerator Fund is managed by Northstar Ventures on behalf of North East Finance as part of its overall £125 million Finance for Business North East Fund, a regional ‘fund of funds’ that offers venture capital investment for small to medium-sized enterprises.

The Accelerator Fund is targeted at high-growth, innovative companies at an early stage of their development, primarily the start-up or seed capital stages. The Finance for Business North East Fund is available to businesses that:

  • Meet the definition of a small to medium-sized enterprise.
  • Are located in the North East of England.
  • Have a viable business proposition that will be able to make returns to the fund.
  • Do not operate in a European Commission restricted sector (for example agriculture, defence, financial services, coal and steel).

To be eligible for investment under the Accelerator programme businesses should have:

  • A strong management team with the ability to grow the company quickly.
  • A focus on under-served, growing and potentially substantial markets.
  • Products with international potential.
  • Ascalable business model.

Investments range from £100,000 to £750,000 in the first instance, with the maximum amount invested into any one company limited to £2 million. Applications may be made at any time.

For more details please visit:

Source: Northstar Equity Investors, 12/09/2012