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North East England has led the way in the provision of publicly backed investment funds to support SMEs. North East Access to Finance is tasked with overseeing returns from financial instruments established in the region using European Regional Development funding and UK Government money.
Right now, we are working with Local Enterprise Partnerships and funders to re-deploy these returns, with appropriate match funding, so that they can be used to benefit the next generation of businesses in the North East. These initiatives will be the successors to the Finance for Business North East (‘JEREMIE’) programme, which is due to continue investing until the end of 2016.
NEA2F commissioned EKOS to carry out a research study on the impact of publicly backed investment funds in assisting SMEs to access finance. Based on this research, we published our Strategic Overview and Recommendations, setting out a clear strategic direction which can be applied not only in the North East but nationally. You can read this report at the following link Strategic Overview web version