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 is 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.
More information on this fund and other funds we have available can be found on our Funding Opportunities page.