One North East has today unveiled five fund managers for delivering £125m

One North East has today unveiled five fund managers for delivering £125m of investment funding for small and medium-sized firms over the next five years.

The investment managers will target loans and equity investments into business start-ups, technology-based companies and growing smaller businesses, helping to build the next generation of entrepreneurial businesses for the region.

The JEREMIE venture capital fund (Joint European Resources for Micro to Medium Enterprises Initiative), is the first fund of its type in England. It will be open for business from January 4th and will be formally unveiled at a launch event on January 22nd.  The funds include:

  • Technology Proof of Concept Fund
  • Angel Match Fund
  • Seed Fund
  • Technology Fund
  • Loan based Growth Fund
  • Equity based Growth Fund

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