The North East Combined Authority (NECA) and council leaders from Northumberland, County Durham, and Tyne and Wear have just backed a £70million investment programme designed to give small and medium-sized enterprises (SMEs) across the region a much-needed boost.
This funding is expected to create 3,000 jobs over the next 15 years, helping to close the estimated £28million gap between what SMEs need and what’s currently available. The combined authority also said that a £390million investment in SMEs is expected overall over the next 15 years.
