13th March 2020
The Tees Valley is an area with a strong innovative streak and huge opportunities ahead of it. This is evidenced today with expertise in advanced manufacturing, engineering, chemicals and process and an emerging digital and creative sector.
SMEs are the lifeblood of our economy, accounting for more than 99% of businesses in the Tees Valley.
It is vital our job creators, innovators and entrepreneurs get the financial backing they need, when they need it.
The Northern Powerhouse Investment Fund is a fantastic resource that has helped many of our brilliant businesses go from strength to strength.
More than that, it has helped them to create good-quality, well paid jobs, support apprenticeships and give our local people the skills they need to succeed, benefitting our entire region.
I’d urge any businesses needing a boost to read the case studies here and get in touch to see what NPIF can do for them.
Ben Houchen, Tees Valley Mayor
Microfinance
£25k – £100k
Designer watch brand Ellington Timepiece secured a £35,000 loan from NPIF – BEF & FFE Microfinance which is managed by Business Enterprise Fund (BEF) and Finance for Enterprise (FFE) and part of the Northern Powerhouse Investment Fund. The Teesside based company sells premium, limited-edition watches for men and women that are designed by its founder, … Continue reading "Microfinance"
Debt Finance
£100k – £750k
Absolute Antibody is a Tees Valley based business which has benefited from a six figure investment. From its headquarters in Wilton, the business specialises in the sequencing, engineering and recombinant production of antibodies and offers related protein engineering services. Absolute Antibody initially operated from offices and labs in Oxfordshire, but as it expanded moved its … Continue reading "Debt Finance"
Equity Finance
£50k – £2m
A Teesside business which has developed a new way to generate fuel and chemicals from waste biomass secured a further £2.3million investment to commercialise its technology. Nova Pangaea Technologies has completed a funding round led by NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, … Continue reading "Equity Finance"
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