A Biotechnology firm which has pioneered technology that will advance stem cell research and could lead to a cut in the number of medical tests on people and animals has won £1.6m of investment.
Reinnervate has been researching its...
What is the focus of the Fund?
The £20m Growth Fund has been set up to help ambitious companies that are looking to expand and create new jobs across the North East to achieve their goals.
Investments are usually from £50k to £400k. The Fund Manager has the discretion on the use of financial instruments but a substantial proportion of the fund will be invested in quasi-equity/mezzanine instruments.
Who can apply?
Relatively mature companies at development and growth stages in most
sectors are eligible to apply to the Growth Fund, although there are a
number of exclusions which can be found on the NEL website.
Where can I get more information?
The fund is managed by:
NEL Fund Managers
Akenside Studio
3 Akenside Hill
Newcastle upon Tyne NE1 3UF
Tel: 0845 111 1850
Fax: 0845 111 1853
Email: enquiries@nel.co.uk
