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NEL INVESTMENT FOR GROWING COUNTY DURHAM BUSINESSES

A young County Durham entrepreneur in Tanfield Lea is shaping a successful future for his business after securing a five-figure investment from the North East Small Loan Fund Supported By The European Regional Development Fund.

Antony Gray set up Renovo Solutions last year after working his way up with his previous employer from apprentice to operations director.  Antony worked with regional fund management firm NEL Fund Managers to bring in a £50,000 investment which he is using to bring in new equipment that will expand the range of tools the company is able to manufacture, repair or renew.

And in Peterlee, Positive Futures (NE) a North East training company is aiming to scale up its operations with the help of a six-figure investment from the North East Growth Capital Fund Supported by the European Regional Development Fund.
 
Positive Futures (NE) works with a range of local authorities and further education colleges across the North East to design and deliver bespoke vocational training courses and qualifications.