City Backing for Enterprise Bond

The JournalAugust 23, 2006

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Summary


Newcastle City Council has become the latest backer of a bid to foster a new generation of entrepreneurs in the North-East.

The authority has invested pounds 1,000 in the North-East Enterprise Bond, which aims to raise pounds 5m worth of loans to finance ambitious plans to increase the number of business start- ups in the region.

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Extract


City Backing for Enterprise Bond

Figures show the North-East must see another 32,000 companies set up just to keep pace with the rest of the UK.

Money raised from interest on the pounds 5m i...

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