North East Business Support Fund

Mar 5, 2021

The North East Business Support Fund has been extended through to March 2023 and is now open again for Applications, as NBSL have been able to secure further investment from the European Regional Development Fund (ERDF).

If you are interested in applying for this funding, please contact ian@fadne.org for more information.

NORTH EAST BUSINESS SUPPORT FUND – SUMMARY

The programme will offer Grants for Business Improvement Projects that use External Expertise and the financial support will remain the same:

County Durham businesses:

Northumberland or Tyne & Wear

Business Improvement Projects eligible for a Grant

Listed below are the main types of project that we can fund – if anyone has a project in mind that’s not on the list ask them to get in touch and we’ll try to help:

  • Business growth planning, business expansion planning  & strategy development
  • Change management, Quality Management Systems and Process Improvement
  • Financial Restructuring and Succession planning
  • HR Strategy planning and development
  • Product development/diversification and new market development
  • Marketing planning & strategic marketing plans
  • Design costs for marketing
  • Development of animations/video production
  • Web design/development

Main Eligibility Criteria

The business must be an SME with:

  • fewer than 250 full time equivalent employees
  • an Annual Turnover not exceeding € 50 Million and Balance Sheet value not exceeding €43 Million
  • credible plans to grow / recover from the impact of Covid (staff or turnover)

If the business is involved in any kind of group structure – either being partially of fully owned by another businesses or having partial or full ownership of another business – NBSL would need details to establish eligibility.

It may be worth noting that as this is an extension to the North East Business Support Fund, we are unable to provide funding to businesses who have already accessed support from the programme – this includes:

  • Businesses who have received a full Grant from the North East Business Support Fund between February 2018 to December 2020
  • Businesses in Northumberland or Tyne and Wear who have received a Covid Response (SME restart and Recovery / Kick-starting Tourism) Grant. County Durham businesses are not impacted by this restriction

Join the FADNE Community today and be part of an engaged network that makes up the amazing food and drink landscape in the North East!

Food and Drink North East
The Beacon
Westgate Road
Newcastle upon Tyne
Tyne and Wear
NE4 9PQ 

E: info@fadne.org

About Us:

Food and Drink North East is a community interest company (CIC) whose aim is to build a vibrant and engaged community that champions positive trade, promotes a sustainable, circular economy and acts as a collective and inclusive voice for the region’s food and drink sector. Our overall objective is to grow the sector’s contribution to the regional economy to 10% GVA by 2025.

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