ABOUT THE FUND

The Business Growth Fund is a £3.5m programme of investment funded by the UK Shared Prosperity Fund that supports Business growth that supports business growth across the areas of Gateshead Metropolitan Borough Council, North Of Tyne Combined Authority, Sunderland City Council.

The primary aim of the fund is to create employment and stimulate business growth. It will foster innovative processes to drive productivity, resulting in increased profitability, wage growth and employment growth in businesses, strengthening our economy and creating better jobs.

The Fund will attract £11.5m of private sector investment and aim to create a minimum of 268 new jobs in the areas.

Grants are available through UMi.

Since 2007, UMi has been finding and packaging the best information, expertise and finance to help businesses make better business decisions more quickly.

We’ve worked with more than 600,000 businesses across the UK, defrayed more than £300m in grants and loans, leverage more than £650m of private sector investment, created or safeguarded more than 40,000 jobs and facilitated contract wins of more £185m.

We're proud to be a team that goes above and beyond, we’re committed to going on a journey with you, to understand your challenges, discover new opportunities and connect you with the things that will make it easier to get where you want to be.