Ecosystem

Creative England is like Fred from ‘First Dates’… but for tech companies

21 Nov, 2016

Here at Tech North, we like to keep you abreast of funding and support opportunities that are available for technology companies in the North of England. Here, Kate Adam, Programme Manager for Business Investment at Creative England explains why you might be interested in what they offer.

I like to think of us here at Creative England as a bit like Fred from Channel 4’s First Dates; we bring people together, feed them with delicious food and booze (or in our case, investment and business support) and from that, great things happen.

Creative England (minus Fred’s excellent moustache and French accent) invests in exciting, innovative and fast growing tech and digital companies. Our investment, be that a loan, equity or revenue share arrangement, is there to help regional businesses grow and scale. We also match-make small, innovative companies outside of Greater London, with big brands like Disney, Microsoft and Sony, highlighting to these big corporations what fantastic talent and creativity England has in the regions.

If you’re looking for funding or investment for your tech or digital business, here are a couple of things to know about what Creative England can offer you:

We offer funding specific to your business and the stage it is at:

  • If your business is established, has traction and revenues but needs a boost of funding to take it to the next stage, we can offer you an interest-free loan over two or three years to help you make that step change.
  • If you’re at a much earlier stage and are raising investment to launch your company or new product, we can offer equity alongside other investors as part of a funding round.
  • If you run a Games company and want to develop and release a new game, we can talk to you about our revenue share arrangements.

Because our funding is via the Regional Growth Fund, we can only offer investment to companies working outside of Greater London in the English regions.

You’ll need to be able to match fund any investment we make into your company with at least the same amount of private funds (a £100,000 loan would need to be matched with £100,000 from business revenue, other investment or other debt finance).

The investment is to grow, scale and develop your business and we ask that as a result, you create new jobs or safeguard roles in your business that would otherwise have been at risk of redundancy.

We’re looking to invest in the most exciting, innovative and creative digital and tech companies. Companies from the North of England who have received investment from us in the past include Beatroot Music, Evidential, Verofy, LivingLens, Advanced Digital Institute, PureNet and Hebe Works.

We can offer investment of £50,000 – £250,000. Time is running out to access our funding, so get in touch with us now to talk about your options.

To find out more visit our website and watch our video featuring people we’ve helped.

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