North East Development Capital Fund

The North East Development Capital Fund is a dedicated investment vehicle managed by Maven Capital Partners, specifically designed to support the growth of small and medium-sized enterprises (SMEs) across the North East of England. It forms a crucial component of the broader £130 million North East Fund, which is backed by the European Regional Development Fund. This particular fund, with a total capital of £10 million, aims to provide vital growth capital to established businesses within Northumberland, Tyne and Wear, County Durham, and Tees Valley, fostering economic development and job creation in the region.

The fund's primary focus is on providing flexible debt and equity funding solutions to businesses that demonstrate strong growth potential but may struggle to access traditional financing. It targets companies seeking capital for expansion, product development, market penetration, or strategic acquisitions. Maven Capital Partners, as the fund manager, leverages its expertise to identify promising SMEs and work closely with their management teams to facilitate sustainable growth and maximize their impact on the local economy.

Typical first-time investments from the North East Development Capital Fund range from £250,000 up to £2 million, making it a significant source of capital for scaling businesses in the region. The fund's mandate extends beyond mere financial injection; it also aims to contribute to the strategic objectives of the North East Fund, which include the creation or safeguarding of approximately 2,800 jobs and adding an estimated £120 million to the regional economy. This dual focus on financial returns and socio-economic impact underscores its role as a development-oriented investment vehicle.

Overall, the North East Development Capital Fund plays a pivotal role in strengthening the entrepreneurial ecosystem of the North East of England. By offering tailored financial support and strategic guidance, it empowers local businesses to achieve their growth ambitions, thereby contributing significantly to the region's prosperity and resilience. Its structured approach ensures that capital is deployed effectively to drive innovation and create lasting value within the targeted geographical area.