Investors looking to meet Northern Businesses this Summer

Investors looking to meet Northern Businesses this Summer banner image

 

Investors looking to meet Northern Businesses this Summer

Businesses from the Northern Powerhouse region have the chance to meet investors from across the UK, thanks to two major business events taking place on Tyneside next week.

With innovation in business central to the events, the Northern Powerhouse Business Summit (04-06 July) – part of Great Exhibition of the North – and FinanceCamp North East (05 July) are bringing experts and potential funding streams directly to the businesses that need them. 

Business owners from across the North will be able to discuss their funding needs with investors from both the Northern Powerhouse Investment Fund (NPIF) and the recently announced North East Fund, alongside Business Angels, London-based VC firms and more. 

NPIF was established to provide £400 million of funding by way of microloans, debt and equity investments ranging from £25,000 to £2m to help a range of small and medium sized businesses based across the Northern Powerhouse, to start up, scale up or stay ahead. 

The North East Fund is a £120m investment programme available to SMEs across Durham, Northumberland and Tyne and Wear. It is made up of five funds, each with a different investment focus to suit the needs of SMEs depending on the sector in which they operate and where they sit on the growth curve.

Grant Peggie, Director at British Business Bank, said: “Events like the Business Summit are incredibly important to the prosperity of the regional business communities, and give funding streams such as the Northern Powerhouse Investment Fund an even greater platform to deliver on our objectives to provide vital investment for SMEs across the North. 

“We have already seen the great potential of the region’s businesses having backed businesses with over £50m of investment in our first year, and we look forward to building on that momentum. Our attendance at events such as these will be key to that.”

Andrew Mitchell, Chief Executive of the North East Fund – who will be speaking at FinanceCamp – said: “To have the chance to be involved in both events in one week demonstrates that not only is there real potential for business growth in the region, but that the infrastructure of support on offer to businesses seeking advice and inspiration, access to funding, and opportunities to network and collaborate has never been greater. 

“Our Fund Managers will be available at both events so growing businesses from Durham, Northumberland and Tyne & Wear will not only have the opportunity to ‘pitch’ directly to us at FinanceCamp, they can also come and talk to us about the fund at the Northern Powerhouse Business Summit. This really is a fantastic time to do business in the North.” 

The week is also a clear opportunity for investors and the business community from outside of the North to engage with the enterprises at the forefront of innovation, working out of the region today. The events will help highlight the investment opportunities available within the Northern Powerhouse and help facilitate introductions between those seeking funding and those that can provide it. Long-term relationships between investors and businesses play a vital part in ensuring that regional economies continue to thrive. 

Northern Powerhouse Minister, Jake Berry, said: “The Northern Powerhouse Business Summit and FinanceCamp North East will bring investors, business owners and industry leaders together to supercharge growth, drive innovation and spur investment across our region. It’s these once in a lifetime events that will define the economic legacy of the Great Exhibition of the North and shape the debate around our region’s future prosperity.”

The Northern Powerhouse Business Summit is the central business event during Great Exhibition of the North. It will bring together ministers, city region mayors, councils and business leaders along with investors, to discuss topics such as how the Northern Powerhouse can be at the forefront of the fourth Industrial Revolution – Industry 4.0 – , the government’s Industrial Strategy and the role of the North in the ‘Grand Challenges’. 

The Summit – which is supported by the European Regional Development Fund – is free for businesses to attend. For full details, plus how to register, please visit www.getnorth2018.com/business.

FinanceCamp is the North East’s annual event directly connecting businesses with the funding they need to grow, in a series of meetings with investors and lenders. Taking place at St James’ Park, it will also bring business success stories together with speakers and an exhibition. 

For details of FinanceCamp, plus how to register, please visit https://financecamp.co.uk/. 

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Notes to editors:
Background: Northern Powerhouse Business Summit

The Northern Powerhouse Business Summit aims to provide businesses from across the North with learning, networking and commercial opportunities, as well as shine a spotlight on the start-ups and scale-ups which call the North their home.

With a line-up of industry speakers, together with interactive workshops and an exhibition of Northern SMEs, businesses which attend can expect to be inspired by stories of innovation from across industry.

Government ministers will attend the summit to engage key leaders on their views for the future of the Northern Powerhouse.

The summit is being delivered by NewcastleGateshead Initiative, supported by delivery partners BeaconHouse Events, HemingwayDesign, Digital Catapult, Thinking Digital and Sunderland Software City.

For any press enquiries about the Business Summit please contact:

Laura Richards, Sunderland Software City

07468 611924/ laura.richards@sunderlandsoftwarecity.com

Background: Northern Powerhouse Business Summit

The Northern Powerhouse Business Summit aims to provide businesses from across the North with learning, networking and commercial opportunities, as well as shine a spotlight on the start-ups and scale-ups which call the North their home.

With a line-up of industry speakers, together with interactive workshops and an exhibition of Northern SMEs, businesses which attend can expect to be inspired by stories of innovation from across industry.

Government ministers will attend the summit to engage key leaders on their views for the future of the Northern Powerhouse.

The summit is being delivered by NewcastleGateshead Initiative, supported by delivery partners BeaconHouse Events, HemingwayDesign, Digital Catapult, Thinking Digital and Sunderland Software City.

For any press enquiries about the Business Summit please contact:

Laura Richards, Sunderland Software City 

07468 611924/ laura.richards@sunderlandsoftwarecity.com

 

Background: Northern Powerhouse

Since the Northern Powerhouse was launched in 2014:

  • the North’s economy has grown by £21 billion (GVA, ONS 2014/15; 2015/16); almost half a million jobs have been created since 2010 and more power has been transferred from Whitehall to the North than under any government in decades
  • the government has also committed to investing more to improve northern transport than any government in history; shaved off 15 minutes on train journey times between Liverpool and Manchester; created and funded Transport for the North, the country’s first sub-national transport body; committed £337 million to upgrade the Tyne and Wear Metro in the North East; and ring-fenced £3 billion to dramatically upgrade the rail route between Manchester and Leeds
  • in 2016 we published the Northern Powerhouse Strategy, outlining plans to boost economic growth by improving transport connections, strengthening education and skills outcomes, boosting levels of trade and investment, and strengthening private sector growth
  • last year, we launched the £400 million Northern Powerhouse Investment Fund and rolled out finance to over 100 northern firms so they can start up, grow, and expand their operations globally
  • we have also undertaken over 50 Northern Powerhouse Trade Missions to promote northern businesses and investment opportunities to the world – from San Francisco to Dubai. Over the past 2 years, the number of foreign investments in the North has increased at double the national average
  • the government has invested £3.4 billion in the Northern Powerhouse for projects to boost local economies through Northern Powerhouse Growth Deals since 2014
About Great Exhibition of the North 2018:

In October 2016, NewcastleGateshead was selected to host Great Exhibition of the North; NewcastleGateshead Initiative (NGI) led the bid and is the lead delivery partner for the Exhibition, working closely with colleagues at Tyne & Wear Archives & Museums, BALTIC Centre for Contemporary Art, Sage Gateshead, Newcastle City Council, Gateshead Council, the Department for Digital, Culture, Media and Sport (DCMS) and a board chaired by Sir Gary Verity.

City Delivery Partners including Newcastle University, Northumbria University, Gateshead College and NUFC are also providing vital support for Great Exhibition of the North.

On 27 February the BBC announced a partnership to support Great Exhibition of the North.

Great Exhibition of the North is supported by Premier Partners Virgin Trains, Accenture and CISCO.

Funding has also been secured via Innovate UK, VisitBritain, Royal Commission for the Exhibition 1851, the Sir James Knott Trust and Reece Foundation and by England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014 to 2020.

National Lottery players have supported the Great Exhibition of the North through £1.7 million of funding from the Heritage Lottery Fund; Big Lottery Fund and Arts Council England.

Womble Bond Dickinson, Ward Hadaway, Siemens, Port of Tyne, Virgin Money, BT, Robertson and NewSubstance are proud partners of Great Exhibition of the North.

Newcastle Airport, Greggs plc, Go North East, Tyne & Wear Metro and Northumbrian Water, Shout Digital, Stagecoach, PwC, Nexus, the Barbour Foundation and Ubisoft are supporting partners.

For all press enquiries including image and interview requests for Great Exhibition of the North, please contact:

Jessica Dare: 0191 440 5749 / jessica.dare@ngi.org.uk

Fiona Morgan: 07595585661 / fiona.morgan@ngi.org.uk

About the European Regional Development Fund:

The Great Exhibition of the North is receiving up to £636,800 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014 to 2020. The Ministry of Housing, Communities and Local Government is the Managing Authority for the European Regional Development Fund.

Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations

For more information visit https://www.gov.uk/european-growth-funding

ERDF

About FinanceCamp:
  • FinanceCamp North East is part of the wider Innovation SuperNetwork programme, delivered with over 50 partner organisations to support innovation in the North East.
  • Innovation SuperNetwork is supported by the North East LEP, Innovate UK, Northumbrian Water, Reece Innovation, Engie and the North East BIC, with part-funding from the European Regional Development Fund. https://supernetwork.org.uk/
  • The Innovation SuperNetwork North East England programme is receiving up to £522,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.

    The Department for Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding  

For further on FinanceCamp contact Shelley Armstrong, shelley@supernetwork.org.uk / 07789810553