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Business fund reaches £20m landmark for North-East investments

The North-East’s longest-standing business investor has taken the total amount it has invested from the North East Fund Supported By The European Regional Development Fund in growing regional firms past the £20m mark.

NEL Fund Managers took on responsibility in 2018 for investing the £18m North East Growth Capital Fund and £9m North East Small Loan Fund, and has since made a total of 243 investments from the two funds across the region.

More than £8m of the total has been invested over the last two years through the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) and Recovery Loan Scheme (RLS) – and NEL is continuing to actively look for further investment opportunities.

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