Support for region’s SMEs is key

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.

£70million investment programme for North East. Image: Wix

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.

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