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North East property fund doubles to £20m

The North East Property Fund (NEPF) has doubled to £20m following its success in stimulating housing development to create and sustain jobs in the construction market. The fund can now also facilitate loans up to £2m, double the previous limit.

The NEPF was established in 2017 by FW Capital, with support from Santander and the North East Local Enterprise Partnership (LEP), in response to demand from smaller construction and property development companies that have struggled to access development finance from traditional lenders.

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