£35m North East Accelerate Fund is off to a flying start

£35m North East Accelerate Fund is off to a flying start

A new £35m fund that aims to nurture the next generation of high-growth North East businesses has attracted over 50 applications within three weeks of its launch.

The North East Accelerate Fund, which is managed by Mercia Ventures, offers up to £1m investment for early-stage companies across the region. Mercia says the assessment process is well underway, with the first deals expected to complete early in the new year. Accelerate is part of the new North East Fund, a £350m initiative announced by North East Mayor Kim McGuinness last month.

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