Register for this scheme
Through the North of Tyne Culture and Creative Investment Programme, funded by the North East Combined Authority, Creative UK are investing £1.5m in loans in the North of Tyne’s cultural and creative industries.
They are looking for commercially viable, growth-minded businesses that are innovative, operate in the creative and cultural sector, and able to deliver meaningful impact in the region.
The loan offer
- Loans of between £50,000 – £150,000 (we may consider amounts outside this range in exceptional cases)
- Interest rate based on risk profile, capped at 10%
- No management fees or early repayment charges
- Up to six-month capital repayment holiday
- Flexible repayment terms up to a maximum of 5 years
Eligibility
The criteria for applying for investment is that businesses should be:
- based in the North of Tyne (Newcastle, North Tyneside, and Northumberland)
- operating in the cultural or creative industries
- looking for investment towards activity that meets the aims of the programme
- able to provide a suite of financial information to demonstrate the ability to service a loan
How to apply
Take the time to read the Guidelines and FAQs before applying for equity investment.