The Business Growth Fund is a £3.5m programme of investment funded by the UK Shared Prosperity Fund that supports Business growth that supports business growth across the areas of Gateshead Metropolitan Borough Council, North of Tyne Combined Authority, Sunderland City Council.
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 businesses, strengthening our economy and creating better jobs.
The Fund is delivered by UMi and will attract £11.5m of private sector investment and aim to create a minimum of 268 new jobs in the areas.
This project is funded by the UK government through the UK Shared Prosperity Fund.
More information on this fund and other funds we have available can be found on our Funding Opportunities page.