Summary
MORE than pounds 20m has been invested in over 50 North East businesses with the potential of creating in excess of 400 jobs following the launch earlier this year of the venture capital fund to support high-growth regional businesses.
The taxpayer-funded pounds 125m Finance for Business North East Fund (FBNEF) came into being in January with the first investment in Gateshead company Eutechnyx in April.See the full content of this document
Extract
Fund has Pumped Pounds 20m Into North Businesses
Since then another 50 new and existing companies have received backing with investments from the fund totaling more than pounds 10m w...
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