North East Access to Finance was set up to co-ordinate and manage the re-deployment of legacies from previous investment funds in North East England, to provide new forms of support for the benefit of SMEs in this part of the country. This new funding will come from the financial returns from previous regional investment programmes that will be re-used in new funds, but with significant leverage of match funding from other sources, including the European Regional Development Fund.
In 2013, NEA2F commissioned an authoritative study into how public investment funds have assisted SMEs to access finance. The findings from this research are being used in the development of the new ‘JEREMIE’ fund for North East England. NEA2F are part of the team developing JEREMIE2, working with key partners including North East Finance and the North East and Tees Valley Local Enterprise Partnerships. It is intended that this fund will be ready to go live when the Finance for Business North East fund ceases investing, at the end of 2015. View copies of the findings and recommendations.
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