First Deals Progressing in £35m North East Accelerate Fund
Managed by Mercia Ventures, the fund offers early-stage companies up to £1m, with first deals expected early in the new year.
By North East Founders · Region-wide
Key points
- The £35m fund offers up to £1m for early-stage companies.
- Mercia Ventures manages it from its Newcastle office.
- The first deals are expected to complete early in 2026.
The first investments from the £35m North East Accelerate Fund are progressing, with deals expected to complete early in the new year.
The fund is managed by Mercia Ventures and offers up to £1m of investment for early-stage companies across the region. It forms part of the new North East Fund announced by Mayor Kim McGuinness.
Strong demand
Ian Wilson, fund principal at Mercia’s Newcastle office, said the fund had quickly gained traction, showing strong demand for capital, and that applications were being fast-tracked. He encouraged more ambitious founders to consider how equity investment could help them grow.
Sources: Insider Media. Spotted a mistake? Tell us.
