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About The Fund

Support for businesses looking to expand or establish new operations in Gateshead, South Tyneside or Sunderland.

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The Growth Fund is a £4.5m programme of investment part-funded by ERDF that supports SME growth across Gateshead, South Tyneside and Sunderland local authorities.


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 SME’s, strengthening our economy and creating better jobs.


The Fund will attract £10.5m of private sector investment and aim to create a minimum of 252 new jobs in the area.


Grants are available through our delivery partner UMi.


UMi connects businesses with the right information, resources and expertise so they can get more of what they want - customers, talent, funding - and go further. 

For over 12 years we have specialised in helping guide over 300,000 small and medium sized businesses. Our 125 strong team located across the UK get a buzz out of making a difference, not just through the businesses they help, but in the communities where they live and work. ​