Full release:

We contacted you recently to inform you of the funding solutions available through the North East England Investment Centre (NEEIC) to support the region's businesses in their growth ambitions. For the majority of the available funds we originally specified a project completion date of 31st August 2011, by which time all activity supported by the funds had to have been completed by. Great news. The deadline for project completion has now been extended to 30th September 2011. What this means is businesses now have more time to speak with Business Link to define their requirements, more time to complete an application, and more time to access the funds that could make a real difference to their business. However, the sooner applications are received, the sooner the region's businesses can secure support to help them develop and grow. If you're aware of a business that would benefit from funding support, encourage them to contact Business Link on 0845 600 9 006 or email [email protected] The Key Funds currently available from the NEEIC are: • Intensive Start-Up Support for new businesses which have been trading for up to six months. This fund aims to remove the barriers to starting up and improve survival rates of new businesses • Starting a High Growth Business helps new businesses with the potential to achieve an annual turnover of £500,000 within three years of trading. This fund is available to businesses that have been trading for up to six months and for people thinking about starting a business within six months • Innovation, Advice and Guidance supports existing businesses to identify opportunities, implement change and become more innovative, competitive and more profitable North East businesses can be referred to the NEEIC after a Business Link adviser has assessed their needs and discussed potential funding options. If a business is eligible, a Business Link adviser will support them throughout the process. For further information about these funds and associated eligibility criteria please contact Business Link on 0845 600 9 006 or email [email protected]