News

South Tyneside ahead of the curve for Microloan Investments

Emma Neal

09 Jun 2016

New data from the managers of the North East Microloan Fund has shown that companies in the South Tyneside area are more successful in applying for Microloan funding than those from other areas of the North East.

 

Rivers Capital Partners, which manages the £7.5 million North East Microloan Fund, found that applications for loans from companies based in South Tyneside had a success rate of 54.5%, almost 14% higher than the regional average.

 

Rivers Capital has managed the Microloan Fund, which since it was established in 2011 has invested in 225 established SMEs and 222 start-ups. When it took over managing the fund Rivers Capital pledged to do more to help established SMEs, in addition to the start-ups the fund had been used to help previously.

 

Across the region, 447 companies, including 36 in South Tyneside have benefitted from 490 investments from the North East Microloan fund since 2011, of which many have received follow-up investments. The fund is part of the £142 million Finance for Business North East programme, which is funded by the European Investment Bank, the Regional Growth Fund, and the European Regional Development Fund.

 

Jonathan Gold, Managing Director of Rivers Capital Partners, said: “By making 490 investments in 447 companies, the North East Microloan Fund has created more than 500 jobs and safeguarded at least 750 more. By focussing the fund more on helping established SMEs to grow we can be confident that more of the jobs created are sustainable in the medium to long term. It is really important that SMEs see how a small loan can help with their ambitions for growth.

 

“We’re delighted to see that such a high percentage of applications made by South Tyneside companies are successful. Help from the local council in pointing businesses towards finance, including less traditional sources of finance, has undoubtedly helped with this. Our ‘Meet the Funder’ events happen regularly at business centres throughout the area and are a great way for businesses to learn about both microloans and angel investment.”


South Tyneside ahead of the curve for Microloan Investments

Newcastle-based innovative cold brew coffee company, Point Blank Cold Brew has secured a £25,000 loan from the Finance for Business North East Microloan Fund, managed...

County Durham-based architectural metalwork specialist has secured a £50,000 loan from the Finance for Business North East Microloan Fund securing 23 jobs and enabling the...

Different investors look for different things from a business. The key is identifying what people do want from you and the investment they are making. True,...

Founder of Tiger Corporate Finance Ltd, Roland Tate joins the board of Directors at regional venture capital fund managers, Rivers Capital Partners. Previously working for BP...

Rivers Capital Partners has been appointed as one of the first commercial loan intermediaries for Atom Bank, the first venture capital investor to do so....

There is no such thing as a perfect business plan, but I see so many poor ones. My experience in the venture capital and angel...

Corbridge-based full service restaurant and cocktail bar, The Duck House has successfully secured a £25,000 microloan via the Finance for Business North East Microloan Fund....

Sunderland-based ‘Doggy Day Camp’ and grooming parlour Woofs n Scruffs has secured a £14,000 loan via the Finance for Business North East Microloan Fund. Managed...

A new regional business group, Exclusive Business NE has secured a £25,000 loan via the Finance for Business North East Microloan Fund. The regional loan...

Teesside-based digital imaging specialists, Peak Aerial have secured a £25,000 loan via the Finance for Business North East Microloan Fund. The regional loan scheme is...

Newcastle-based ‘clean’ food cafe and coffee bar Love Lunch has secured a £10,000 loan via the Finance for Business North East Microloan Fund. Managed by...

Pioneering design consultancy, Forward Design Innovation has secured a £15,000 loan via the Finance for Business North East Microloan Fund. The regional loan scheme is...

New data from the managers of the North East Microloan Fund has shown that companies in the South Tyneside area are more successful in applying...

Ashington-based Innovision Global has secured a £50,000 loan through the Finance for Business North East Microloan Fund, a regional loan scheme managed by Rivers Capital...

Regional Fund Managers Rivers Capital Partners have re-located their Tees Valley-based operations. The move to the Victoria Building at Teesside University will better support the...

Dedicated to supporting North East businesses to start-up and grow, the North East Business and Innovation Centre (BIC) has recently entered into a collaborative partnership...

The North East Microloan Fund has £1m to invest in 2016 to support start-ups and small businesses looking for simple loans to expand their operations...

South Tyneside based Kates Slimming & Fitness Club has secured a £10,000 loan through the Finance for Business North East Microloan Fund, a regional loan...

Former Goldman Sachs trader, Dr Chris Cathey returns to his local roots of Newcastle after enjoying a successful fifteen year career.  Chris joined Goldman Sachs...

The Finance for Business North East Microloan Fund managed by Rivers Capital Partners has had one of the most successful operating years since its inception...

The Parlour at Blagdon has received a £35,000 Microloan from the Finance for Business North East Microloan Fund managed by Rivers Capital Partners. The Parlour...

Newcastle-based Westerhope Brake & Clutch Services has received a £25,000 loan via the Finance for Business North East Microloan Fund. The regional loan scheme offers...

Newcastle-based architects, Sadler Brown have received funding through the Finance for Business North East Microloan Fund, run by Rivers Capital Partners.  The award-winning architects aim...

Dedicated to helping businesses across the country to succeed and grow, the BE Group have recently entered into a collaborative partnership with Rivers Loan (a...

Spearhead Interactive are an industry recognised and award winning company solving business challenges through the use of emerging technology. Specialising in the development of immersive...

Washington’s Three Horse Shoes has opened their doors after securing a £40,000 loan through the Finance for Business North East Microloan Fund, managed by Rivers...

Gateshead-based independent café Altin Coffee House has received a loan through the Finance for Business North East Microloan Fund run by Rivers Capital Partners. Founded in...

Hartlepool-based hot sauce manufacturer Kilimandjaro has received a five figure investment from the Finance for Business North East Microloan Fund to support their recent growth....

South-Tyneside-based automotive company JLS Automotive has secured a £20,000 loan through the Finance for Business North East Microloan Fund, a regional loan scheme run by...

Middlesbrough-based hair extension supplier has secured a loan from the Finance for Business North East Microloan Fund, a regional loan scheme managed by Rivers Capital...

A North-Tyneside-based craft business has secured a £25,000 loan through the Finance for Business North East Microloan Fund, a regional loan scheme managed by Rivers...

Ponteland-based computer and technology repairs company, Fortress Computers secured a £7,000 loan from the Finance for Business North East Microloan Fund managed by Rivers Capital...

South-Tyneside-based recruitment agency CAS (Composite & Aerospace Solutions) has secured a five figure sum through the Finance for Business North East Microloan Fund. This is...

    People forget how many hundreds of business plans that lenders and investor like Banks and Venture Capitalists see each year. It’s a lot and if...

A regional digital advertising agency has secured a cash boost from the Finance for Business North East Microloan Fund, a regional loan scheme managed by...

A local sports equipment business has gained a £20,000 loan from the Finance for Business North East Microloan Fund, a regional loan scheme managed by...

A microbrewery based in Bishop Auckland, has secured a £25,000 cash injection from the Finance for Business North East Microloan Fund, a regional loan scheme...

A local waste management business has secured a £13,000 loan investment from the Finance for Business North East Microloan Fund, a regional loan scheme managed...

A Middlesbrough design company, Dearden, has secured a £25,000 loan from the Finance for Business North East Microloan Fund, a regional loan scheme managed by...

  *Article orignally in the North East Times   North East business growth... driven by equity and loan finance says, Jonathan Gold, founding director of Rivers Capital Partners I...

A local Ashington stone product manufacturer has received a cash injection from the Finance for Business North East Microloan Fund, a regional loan scheme managed...

A wholesale dessert company in Marske has secured a five figure investment from the North East Microloan Fund to grow their sweet business into a...

Many businesses seeking cash to start-up or grow face the question which is best for me, a loan or selling some shares to an equity...

A small North Tyneside-based family business is ‘fixed for funding’ following a £25,000 investment from the Finance for Business North East Microloan Fund. From their premises...

Eminent Engineering specialises in the fabrication, treatment and erection of bespoke steelwork projects for blue chip construction companies such as Bam Construction, Mansell Construction and...

A newly formed Bowburn-based business has recently secured a £25,000 funding boost from the Finance for Business North East Microloan Fund. MASfab provides steel fabrication, installation...

Whitley bay-based technical development company Cogiva steps up their operations following a £10,000 investment from the Finance for Business North East Microloan Fund. Cogiva provides bespoke...

Jonathan Gold, a founding partner and Director at Rivers Capital says he's on a mission.  Over the last few weeks he has started giving talks...

In case you had not noticed there is a new lender in the North East. No not a new Bank. Rivers Loan have taken over...