Boost for businesses

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BUSINESSES in the North-East have benefited from almost £30million investment funding last year.

 The groundbreaking £125million Finance for Business North East Fund, a portfolio of six investment funds, was launched last January and was the first of its kind in the country.

 It is funded by money from the European Investment Bank, the European Regional Development Fund and regional development agency One North East.

 About 400 jobs have been safeguarded, over 25 new jobs have been directly created and almost 500 new jobs are expected to be created over the next three years.