Funding supports business

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A FLAGSHIP growth fund has reached a landmark in supporting North East business.

The Investment for Growth helps businesses by providing finance for development and growth projects.

A total of 300 firms have received a cash injection worth a total of more than £1.4million.

Tracey Watson, senior project manager, said the scheme had been a huge success, but stressed that further funding was on offer to businesses looking to expand.

In total, £4.9million has been made available to support North East businesses through the European Regional Development Fund-financed scheme.