A fund set up to support business growth projects in the North East has been extended into 2015.
The North East Business Support Fund (NEBSF), which is part-financed by the European Regional Development Fund, has been extended to June next year.
Managed by enterprise agency NBSL, the fund offers 40% grant support for a project, up to a maximum of £1,400.
So far NBSL has paid out £1.4m from the scheme so far – to projects including product development, wed design and marketing strategy development.
John King, North East business support manager, said that the extension of the NEBSF funding to June 2015 will allow several hundred more SMEs in the region to access support that will help them develop and realise their expansion goals.
He said: “It’s been fantastic for us to help so many businesses across the region to access this funding and see them grow as a result. We are delighted that more businesses in the North East will have the chance to gain access to support that will unlock their potential.
“We support businesses of all types and make sure that accessing the funding is easy and hassle-free. The extension is great news and we are really looking forward working with even more businesses to help them succeed.”
Further information, including a guide to eligibility, is available via http://www.nbsl.org.uk/how-we-can-help/growing-your-business and applications can be made online via http://www.nbsl.org.uk/nebsf-application