Tees Valley Catalyst Fund
The Tees Valley Catalyst Fund is a unique and innovative fund, supported by the government, which enables Tees Valley companies to bid for contracts larger than they can at present, opening up new markets and opportunities.
The fund, which is part of the Regional Growth Fund, provides security for performance bond guarantees and helps companies bid for new contracts by providing short-term debt investments from £100,000 to £2 million.
The £10m fund was launched in June 2013 and is available to both companies in Tees Valley and the wider North East. Led by Tees Valley Unlimited, and managed by FW Capital it gives companies the confidence needed to invest and grow
It is anticipated that the fund will unlock almost £700m of additional work and support approximately 1,440 jobs in Tees Valley over the next ten years.
It is primarily aimed at small and medium sized businesses, although larger companies which already have a bond facility in place can access the fund to extend their existing facility. Finance is typically available for anything up to 24 months, but can be tailored to the company’s cash ﬂow requirements.
SMEs and larger businesses can apply for investment from this fund and must be:
- Earning revenue
- Based in the North East including County Durham, Darlington, Gateshead, Hartlepool, Middlesbrough, Newcastle, North Tyneside, Northumberland, Redcar & Cleveland, Stockton on Tees, South Tyneside, Sunderland and parts of Hambleton, Richmondshire, Ryedale, Scarborough. Please contact us to check regional eligibility criteria.
- A synopsis of your business, including historical financial information
- A project plan for the contract you’re bidding for
- Detailed financial forecasts
A business must demonstrate its strong business case for investment. The business plan must be clear about why FW Capital should invest.
If we are interested in applying to the Tees Valley Catalyst Fund please visit http://www.fwcapital.co.uk/funds-we-manage/tees-valley-catalyst-fund.aspx or call the Tees Valley Investment Team on 01642 343494