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Teesside Flexible Investment Fund

 

What is the Teesside Flexible Investment Fund?

The £20 million Teesside Flexible Investment Fund aims to support economic development in Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees through a mix of finance to support buying a business, property funding and bond finance. Repayments will be reinvested in new schemes, creating a total investment of £68million. 

It aims to tackle identified funding gaps in Teesside and increase the supply and diversity of finance to businesses.

The Teesside Flexible Investment Fund is backed by Teesside Pension Fund.

We can provide investment of £100,000 to £3 million to enterprises making an economic impact in Teesside. The funding can be used for a variety of business needs:

  • Property development loans from £250,000 to £3 million for residential and non-speculative commercial property developments. TFIF can provide up to 100 percent of build costs for suitable schemes with repayment terms available up to three years. Find out more.
  • Loans from £100,000 to £2 million for contract related bonds including advance payment guarantees, performance, warranty, highways and water authority bonds. Repayment terms are available of up to two years. Find out more.
  • Flexible loans and equity investments from £250,000 to £3m to support buying a business. Find out more.

Enterprises with a material presence or which can evidence economic benefit in Teesside. Local authority areas of Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees are eligible.

Before you start your application, make sure your business meets the criteria of the fund.