Firms Flocking to Region As New Euro Fund Pays Dividends

The JournalMay 19, 2010

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Summary


HUNDREDS of jobs could be created in the North East as firms from across the country are being lured to the region by a pioneering new business growth fund.

Nearly 100 companies from outside the region have applied for money from the pounds 125m venture capital fund and said they would move to the North East if their bid was successful.

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Firms Flocking to Region As New Euro Fund Pays Dividends

The Finance for Business North East Fund (FBNEF) was set up in January with the aim of helping around 850 companies create 5,000 jobs in this region over the ...

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