East Durham Business Centre to open with funding event

A business incubation hub which has been opened in Wingate to support new and growing business will officially open with a regional funding event.

East Durham Business Centre is an incubation facility with 16 flexible offices of various sizes.

And to mark the opening of the centre, developer Paul Devine has organised a funding support event featuring the likes of Digital Drive County Durham, DIT, NBSL, BEEP, Business Durham, the North East LEP, Arch and the NEL Fund Managers.

Each organisation will be on hand to explain the latest funding for new and established businesses based in County Durham and the North East. This includes:

  • Funding of up to 40 per cent towards marketing & web design etc from providers NBSL and Digital Drive.
  • A fund manager from NEL which are committed to strengthening our local economy by providing tailored funding solutions to small and medium-sized businesses right across the North East of England.
  • We will also have Business Durham which is the economic development organisation for County Durham, delivering the environment for business and economic growth.
  • BEEP team have been brought together to help County Durham’s SMEs achieve financial savings through energy efficiency and energy awareness
  • DIT have up to 50 per cent ERDF funding for businesses registered in the NELEP region, subject to criteria.

The North East Rural Growth Network supported the creation of the digital enterprise hub by awarding a capital grant to the project. The RGN secured £6 million capital investment from the North East Local Enterprise Partnership (NELEP) Growth Deal – Local Growth Fund in 2015 to support businesses in the rural areas of Durham, Gateshead and Northumberland until 2020.

Paul Devine said: “We are hoping for businesses to network and establish new contacts during the event and get the best advice from leading experts in the area.”

This is a free networking event, there will be refreshments and snacks on the morning, if you require any more information please get in touch by visiting our website https://www.eastdurhambusinesscentre.co.uk