About the Fund
The North of Tyne Growth Fund is a £4.6m programme of investment part-funded by ERDF that supports SME growth across Northumberland, North Tyneside and Newcastle local authorities.
The primary aim of the Fund is to create employment and stimulate business growth. It will foster innovative processes to drive productivity, resulting in increased profitability, wage growth and employment growth in SME’s, strengthening our economy and creating better jobs.
The Fund will attract £10.5m of private sector investment and aim to create a minimum of 252 new jobs in the area.
The North of Tyne Combined Authority is a partnership of three local authorities: Newcastle, North Tyneside, and Northumberland and a directly-elected Metro Mayor.
For the new North of Tyne Combined Authority – spanning Newcastle, North Tyneside and Northumberland – the future focus is on positive change. We want to quickly and decisively make a real and positive impact on people’s lives, businesses and communities.
Our vision is of a dynamic and more inclusive economy, one that brings together people and opportunities to create vibrant communities and a high quality of life, narrowing inequalities and ensuring that all residents have a stake in our region’s future.
Grants are available through our delivery partner UMi.
UMi connects businesses with the right information, resources and expertise so they can get more of what they want - customers, talent, funding - and go further.
For over 12 years we have specialised in helping guide over 300,000 small and medium sized businesses. Our 125 strong team located across the UK get a buzz out of making a difference, not just through the businesses they help, but in the communities where they live and work.