The Finance for Business North East Fund was unveiled by Rosie Winterton MP, Minister for Regional Economic Development and Co-ordination, at an event in Durham.
The £125m fund, formerly called JEREMIE, will underpin the growth of business start-ups, technology-based companies and growing smaller businesses — helping to create jobs and prosperity for the region through targeted loans and equity investments. Over the next five years, it is expected to support up to 850 small and medium-sized North East companies, with…
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