Tees Valley Securing Investment

WHAT WAS THE SERViCE? 

Tees Valley Securing Investment addressed long-standing barriers facing the region’s businesses in accessing money by connecting enterprises with investors and funds. The project received £880,000 from the UK Government through the UK Shared Prosperity Fund as part of the Tees Valley Combined Authority’s UKSPF programme of support. 

The programme was open to businesses and socially trading enterprises operating across the Tees Valley Combined Authority area.  

WHAT DiD UMi DO? 

UMi was responsible for leading and the delivering the programme, working in partnership with Smarta, CPI Enterprises, and Edge Innovation. 

The main aim of UMi was to use the resources available to address the long-standing barriers faced by the region’s businesses in accessing money by connecting enterprises with investors and funds, as well as providing mentoring support. 

WHAT WAS THE RESULT? 

Over the duration of the programme, over 225 businesses, including 37 led by women, received mentoring support, with most scaling up because of improved processes, new contracts, and the introduction of new products or services. 

20 businesses accessed public and/or private sector finance through Tees Valley Securing Investment, with £501,000 worth of funding being accessed via grants, and £3.1m of private sector funding in progress by the close of the programme.