North of Tyne Business Growth Fund Grants

GOV.UK Business Finance & Grants

Published June 10th, 2020

Detected March 8th, 2026

Summary

The Department for Business and Trade has updated the North of Tyne Business Growth Fund, which offers grants between £20,000 and £200,000 for business expansion projects leading to job creation. The latest update on October 14, 2025, amended the expenditure and grant size criteria.

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What changed

The North of Tyne Business Growth Fund, managed by the Department for Business and Trade, has been updated. The fund provides capital grants ranging from £20,000 to £200,000, covering up to 30% of eligible expenditure for small and medium-sized businesses in Newcastle, North Tyneside, and Northumberland. Projects must involve eligible expenditure of at least £67,000 and result in the creation of at least two additional full-time jobs. The most recent update on October 14, 2025, specifically amended the expenditure and grant size requirements.

Businesses in the specified North East regions interested in expansion should review the updated eligibility criteria, particularly regarding minimum expenditure and grant amounts. Projects must align with ERDF criteria, and interested parties are advised to contact the provider or express interest via the online form. While no specific compliance deadline is mentioned, businesses should act promptly to explore funding opportunities for their expansion plans.

What to do next

Review updated eligibility criteria for the Business Growth Fund.
Contact the fund provider to discuss expansion project eligibility.
Express interest via the online form if planning an eligible project.

Source document (simplified)

Business Growth Fund

Grant funding for business growth projects that lead to job creation.

From: Department for Business and Trade Published 10 June 2020 Last updated 14 October 2025
— See all updates Type of support: Finance, Grant and Expertise and advice Business stage: Start-ups (1-2 years trading) and Established Industry: Construction, IT, digital and creative, Life Sciences, Manufacturing and Science and technology Show 3 more Service industries, Transport and distribution, and Travel and leisure Number of employees: 0 to 9 employees and 10 to 249 employees Region: North East

Who it’s for

Small and medium-sized businesses planning an expansion project with eligible expenditure of at least £67,000.

Location

Newcastle, North Tyneside and Northumberland.

What you can get

A capital grant of between £20,000 and £200,000 to cover up to 30% of eligible expenditure. All projects must lead to additional employment in the business (at least 2 additional full time jobs).

ERDF criteria applies, speak to the provider to discuss your specific project. You can also express your interest using the online form.

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