The regional fund management firm manages two new funds, supported by the European Regional Development Fund.
The £9m North East Small Loan Fund offers loans to businesses between £10,000 and £50,000.
It is designed to assist with the creation of over 1,200 regional jobs in more than 320 SMEs.
The £18m North East Growth Capital Fund offers unsecured investments of up to £500,000 to established businesses.
It aims to create over 800 jobs in more than 70 regional firms.
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Yvonne Gale, chief executive at NEL Fund Managers (pictured above), said: “Our investment mission now is to build on this early momentum and to ensure ambitious businesses, both small and large, that could benefit from the investment capital we have available fully understand the impact it could have on their future development.
“Both the Small Loan Fund and Growth Capital Fund have been tailored to meet the investment needs of specific businesses and are available to firms trading across most industry sectors for a wide range of purposes.
“Our investments have been making a tangible long-term impact on the sustainable success of the North East economy for well over 25 years, and we know there will be many more opportunities out there that will help us further extend this successful track record.”
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