Small businesses in the region will have the chance to benefit from thousands of pounds worth of business support from Teesside University over the next 18 months.
The university has been successful in leveraging £400,000 of European Regional Development funding to support 40 small to medium-sized enterprises.
Each business will benefit from £10,000 worth of support as part of the new Leading Growth scheme run by Teesside University Business School, supported by the European Regional Development Fund (ERDF).
Applications are being invited from those who would like to take part and an event on Thursday, March 6, will be an opportunity to meet the organisers and find out more about the project.
Sue Smith, Assistant Dean in Teesside University Business School, said: “We will be able to make a real impact on the companies that are selected to take part, to grow and expand their business.”