Is North East Elevate Fund open for applications?

Yes. It is open for applications, with no fixed deadline.

How much is North East Elevate Fund worth?

£25,000 to £1,000,000. It is a loan (repayable), and the funder decides what each applicant receives.

Who runs North East Elevate Fund, and where is it available?

North East Fund (North East Mayoral Strategic Authority), managed by FW Capital runs it. It is available in England (County Durham, Northumberland and Tyne and Wear).

Open nowRegional grantVerified 9 Nov 2026

North East Elevate Fund

North East Fund (North East Mayoral Strategic Authority), managed by FW Capital

Check if you qualifyFree to check · no sign-up · full report £19.95

Worth

£25,000 to £1,000,000

Loan (repayable)

Deadline

Rolling - no fixed deadline

Type of funding

Loan (repayable)

Where

England (County Durham, Northumberland and Tyne and Wear)

What it is

A business loan you repay, not a grant: £25,000 to £1 million over up to five years, for businesses with growth potential in County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside or Sunderland. FW Capital manages the £35 million fund and makes the lending decision.

Checked 9 Nov 2026 on fwcapital.co.uk: FW Capital is taking applications for loans of £25,000 to £1 million on terms of up to five years, for businesses in the North East Mayoral area (or moving there). Expect to provide 3 months' bank statements, 3 years' accounts and current management accounts; the North East Fund's own page gives £50,000 as the usual starting loan.

Official source

Who can apply

A summary of the main rules, not the full list. North East Fund (North East Mayoral Strategic Authority), managed by FW Capital decides who is eligible, so read their guidance before you apply. The free scan checks these against your own business.

Business based in England
Business in County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside or Sunderland
A small or medium-sized business
Financing growth (equipment, staff, working capital, products or marketing)

You cannot apply if

Not yet trading

Read the full rules at the official source

Common questions

Is North East Elevate Fund open for applications?: Yes. It is open for applications, with no fixed deadline.
How much is North East Elevate Fund worth?: £25,000 to £1,000,000. It is a loan (repayable), and the funder decides what each applicant receives.
Who runs North East Elevate Fund, and where is it available?: North East Fund (North East Mayoral Strategic Authority), managed by FW Capital runs it. It is available in England (County Durham, Northumberland and Tyne and Wear).

Does your business qualify?

Eligibility rules are where schemes get fiddly. Gov Owed checks your business against North East Elevate Fund — and every other UK scheme we track — in about two minutes, free. The £19.95 report then explains exactly why you qualify, drafts your answers and walks you through the real application step by step.

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Information, not financial advice; eligibility is decided by the funder. Contains public sector information licensed under the Open Government Licence v3.0. Schemes change — confirm details on the official page before applying.