High-Level bridge, Newcastle upon Tyne

North East Access to Finance – Supporting the Region’s Businesses

North East England has led the way in publicly backed investment funds to support SMEs. North East Access to Finance oversees the returns from financial instruments in the region supported by European Regional Development funding and the UK Government.

We are working with Local Enterprise Partnerships and funders to re-deploy these returns, with appropriate match funding, so that they can benefit the next generation of North East businesses. These new initiatives – including the recently announced North East Fund – will replace the Finance for Business North East (‘JEREMIE’) fund from early 2017.

We commissioned research three years ago into the impact of publicly backed investment funds on SMEs accessing finance. This led to our Strategic Recommendations, published in June 2013, which have underpinned the development of the funds now going live.


 
The information contained in this website is meant only as a guide. NEA2F accepts no responsibility for actions taken in reliance on or in connection with this website. Where reference is made to external publications or websites, the views expressed are those of the authors of those publications or websites and NEA2F accepts no responsibility for their content or accuracy. Whilst every reasonable endeavour has been made to ensure that information on this website is accurate and up to date, NEA2F makes no warranty or representation that this is the case.

Current Opportunities

 North East Fund: Advisory Panel Members £18-22k

Closing date 4th January. For full details, please follow the applicant pack link below.

The North East Fund will manage a suite of venture capital and loan funds (‘VCLFs’) to support small and medium sized enterprises in the North East Local Economic Partnership Area in the 2017-2013 period.

Around £120m of capital will be allocated to five individual funds to be managed by experienced fund managers. The new Fund will build on the highly successful North East ‘JEREMIE’ programme that has invested £160m in the Region over the past seven years.

Four Advisory Panel members (one to function as chair) are sought to provide advice to the executives of the Fund of Funds in areas such as upholding the interests of investors and stakeholders; investment policy and strategic assets allocation; reviews of fund manager performance and conflicts of interest; ensuring best practice in monitoring, reporting and valuation.

Advisory Panel members will have strong track records within the venture capital, private equity of fund management industries and are expected to have operated at senior executive and/or non-executive director level. Individuals with proven entrepreneurial experience or business banking backgrounds will also be considered. a previous involvement with the investment of public funds would be helpful.

Appointments will commence at and are subject to the successful completion of the Fund, anticipated by end Q1 2017. The Fund is committed to achieving diversity in terms of gender, ability and ethnicity.

 

Applicant Pack