Prominent player in local business, Imran Ghafoor, has united with fellow local leaders to drive economic improvement in the North of Tyne.
Imran, the managing director of the multi-million pound business FIG Enterprises Limited, operates retail sites spanning across the North-East and Cumbria.
With over 16 years of business experience and both an undergraduate and postgraduate degree in engineering, Imran now employs a sizeable workforce across the North of Tyne.
Now, Imran has joined a panel of like-minded private-sector professionals dedicated to supporting small to medium businesses in the North of Tyne.
Imran said: “The North of Tyne Growth Fund is a great opportunity for small to medium sized enterprises based in the Newcastle, North Tyneside or Northumberland areas to ascertain grant funding for business growth purposes.”
The North of Tyne Growth Fund has been established to award funding for SME’s across Northumberland, North Tyneside and Newcastle upon Tyne.
The Growth Fund Panel consists of public sector representatives from each local authority, the combined authority and private sector specialists, like Imran.
The panels’ job is to review funding applications to support local businesses, which is especially important during the current circumstances surrounding the COVID 19 crisis.
The North of Tyne Growth Fund is partially funded by the European Regional Development Fund and has ascertained £4.6m to help strengthen local business.
North of Tyne cabinet member for Economic Growth Cllr Bruce Pickard said: “Now more than ever, support for businesses in the North of Tyne is key.
“The business and local knowledge of our private sector panel members will allow us to best allocate the funds throughout our communities.
“Through collaboration, the Growth Fund Panel will be able to award funding and support to our SMEs, which will improve our economy, employment and long-term growth.”