The Combined Authority has pledged £5 million to help businesses and communities in the North of Tyne respond to Covid-19.
Grants of around £1.5 million have been offered from the NTCA Covid-19 Capacity fund to Northumberland County Council, North Tyneside Council, and Newcastle City Council to meet the need they see locally.
Links to COVID-19 business support can be found below:
-For the North East Growth Hub Covid Toolkit, click here
-For business help in Northumberland, click here
-For business help in Newcastle, click here
-For business help in North Tyneside, click here
Supporting business is central to the North of Tyne’s devolution deal.
We are committed to seeking ways to unlock potential, create conditions for businesses to flourish, nurture investment and support long-term opportunities for growth, creating jobs that reflect a transforming economy.
While our offer to businesses continues to evolve, so far we have brought forward an exciting coordinated package of support for both existing businesses and inward investment.
We are working closely with our partners ensuring our offer complements existing business support available across Newcastle, North Tyneside and Northumberland.
As part of our business support, we have £10m available to support businesses looking to invest and create jobs in Newcastle, North Tyneside and Northumberland. This could contribute to up to 10% of your costs.
Grants are available between £100,000 up to a maximum of £1million for foreign or UK owned businesses making a first investment in the area.
The North of Tyne Growth Fund is a £4.6m programme of investment part-funded by ERDF that supports SME growth across Northumberland, North Tyneside and Newcastle local authorities.
The primary aim of the Fund is to create employment and stimulate business growth. It will foster innovative processes to drive productivity, resulting in increased profitability, wage growth and employment growth in SME’s, strengthening our economy and creating better jobs.
The North of Tyne Growth Fund Panel will be responsible for making in-principle decisions for funding awards to SMEs from the North of Tyne Growth Fund.
The Fund will attract £10.5m of private sector investment and aim to create a minimum of 252 new jobs in the area.
The Combined Authority is rolling out the next phase of the NTCA’s Digital Growth and Innovation Programme with a call for ‘Expressions of Interest’ covering a range of interventions designed to support the growth of digital businesses.
What does ‘Good Work’ look like?
The North of Tyne Combined Authority has been working with employers and other key stakeholders to understand what ‘Good Work’ is and how we as a Combined Authority can promote and reward employers that are offering the main elements of ‘Good Work’.
Through collaboration, we have developed the Good Work Pledge, which enables employers to understand the key elements of ‘Good Work’, what they can do to achieve this for their employees and what support is available to help them get there.
We’re committed to seeking ways to unlock potential, create conditions for businesses to flourish, nurture investment, and support long term opportunities for growth.
For specific project contact details please visit the project page.
You can find information about all the NTCA projects through our interactive map.
For general enquiries please follow the contact details provided.