For almost two decades, NBSL has been a constant in the ever- changing landscape of business support and access to finance
The organisation has become the North East’s largest volume provider of funding to growth businesses across the North East – helping over 25,000 companies since it was formed 18 years ago…but it remains focused on delivering more.
Managers of the North East Business Support Fund (NEBS grant fund) – part financed by the European Regional Development Fund (ERDF) – NBSL provides project-specific grants to growing businesses across the region. Over the past seven years, it has provided SMEs with over £5m to match- fund projects as broad as web design through to marketing and PR support, animation, SEO, social media, becoming GDPR compliant, even Brexit planning – anything falling beyond the realms of business as usual work.
The NEBS grant fund is for SMEs in County Durham, Tyne & Wear and Northumberland, with specific focus on County Durham, where businesses can receive up to 40% funding towards projects costing between £2,500 and £8,000. £290,000 is still available for Northumberland and Tyne & Wear businesses, which can access 35% funding towards projects between £3,000 and £8,000.
A recent independent Evaluation Report shows the NEBS grant fund has yielded an impressive £4.40 economic boost for every £1 invested.
North East business support manager, John King, said: “NEBS grant fund has supported thousands of SMEs looking to go to the next level. This has helped create over 1,750 jobs and safeguard countless others.
“We’re in the final year of the current fund and still have £450,000 available for County Durham, so if you’ve not yet accessed support, get in touch and see if we can help you.”