Smaller construction and property development firms across Tyne & Wear, Northumberland and County Durham who are looking for capital to help them take new projects forward can now apply for backing from a bespoke £10m investment fund.
Conceived and managed by investment firm FW Capital, the North East Property Fund was created in response to strong demand from small and medium-sized (SME) construction and property development companies which were unable to access mainstream finance from traditional sources.
Backed by Santander and the North East LEP, the Fund operates on a commercial basis and provides loans from £250,000 to £1 million for residential and non-speculative commercial developments.
Businesses with ideas for residential and non-speculative commercial developments in the eligible locations should contact Tony Cullen at FW Capital on 0191 269 6966 or via email@example.com
Full details of the North East Property Fund can be found at www.fwcapital.co.uk