Who can apply
To be eligible for investment by the North East Angel Fund you must be:
- Based in the North East of England
- A small or medium sized enterprise, an SME
- Looking for venture capital start-up or growth finance, this is not grant finance.
There is no particular bias towards a particular sector, we can invest in most business sectors from service businesses to manufacturing, technology or general industry including software and IT.
There are however some exclusions due to the ERDF (European Regional Development Funds)† rules which apply to the Fund. These include retail, establishments providing generalised education, gambling, and agriculture and export.
The Fund can not fund undertakings in difficulty, insolvency, †or take part in rescue or restructuring finance deals. Further, we can not †provide replacement capital and, generally, management buy-outs or buy-ins are ineligible.
The Fund is looking to invest in companies with strong management teams, innovative products and services, a good market size, a scalable business model and an exit strategy.
We can not possibly set out all the criteria on this site so to discuss the eligibility of your investment proposal please contact one of Rivers Capital Partners Investment Executives.†
Tel: 0191 230 6370