How much you can get
£100,000 to £2,000,000
The limit is £4m to a business in any 36 month period.
Who it’s for
Your business must be based in north east England, including County Durham, Darlington, Gateshead, Hartlepool, Middlesbrough, Newcastle, North Tyneside, Northumberland, Redcar and Cleveland, Stockton on Tees, South Tyneside, Sunderland and parts of Hambleton, Richmondshire, Ryedale, and Scarborough.
Companies can apply more than once.
What you can get
The loan provides the cash security required for performance, warranty or advanced payment bonds, to provide access to large contracts.
How to apply
You’ll have a conversation or meeting to discuss the project. You must then send a business plan and details of the contract you’re bidding for.
You’ll be given a decision in principle within 1 to 2 weeks, and have a deal completed in 6 to 8 weeks.
Tees Valley Unlimited and FW Capital