NBSL are urging businesses to join thousands of North East SMEs to take a fresh look at the North East Business Support Fund as growth plans begin to form for 2022.

The North East Business Support Fund can offer grants that help towards the cost of improving or growing your business. Funding can be used towards the cost of a project that brings in almost any external expertise you need to help move forward –from marketing and web design specialists to financial or human resource consultants.
With the refreshed website offering easy to understand eligibility criteria, a simple funding process and client case studies, online applications take less than 15 minutes to complete and grants could be approved within 10 working days.

With a significant number of applications already received from clients across the North East keen to access this popular Fund, John King, North East Business Support Manager, is advising businesses to speak to their external consultancies to ensure this Fund is being considered to support any project costs. “With nearly a decade of supporting businesses, we know that this Fund plays an invaluable part in helping de-risk growth or improvement projects –crucial as we re-emerge from the pandemic. We’ve made the process simple and with our new, refreshed website and advisers on hand, we think we’ve made access to our support as easy as possible.”

As one of the most popular business support programmes in the region, the North East Business Support Fund has been helping North East businesses to grow and develop for almost a decade delivered by expert grant managers, NBSL.

The Fund operates in Northumberland, Tyne & Wear and Durham and can provide project specific grants to growing businesses across these three areas of the North East and part financed by the European Regional Development Fund (ERDF) and Northern Powerhouse.

With just over one year left of the offer, NBSL are urging businesses to identify projects that could help stabilise or support growth plans for the future and apply quickly.

The dedicated website for the North East Business Support Fund can be found at www.nebsf.co.ukbut can also be still accessed via NBSL.org.uk

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The North of Tyne Combined Authority is a partnership of three local authorities: Newcastle City Council, North Tyneside Council, and Northumberland County Council and the North of Tyne Elected Mayor. The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus