• Sat. Dec 2nd, 2023

North East Connected

Hopping Across The North East From Hub To Hub

Overcoming financial challenges for North East tech businesses

Screen Shot 2016-01-26 at 15.07.38Science, engineering and technology companies across the North East are invited to hear how accessing different finance can be achieved to support future growth.

NETPark Net in partnership with Harlands Accountants is holding its first breakfast event for 2016 – entitled, Challenges of Financing a Tech Business – at NETPark, Sedgefield, February 2 at 8am.

Also supporting the event at the NETPark Incubator is North East Finance (NEF) which aims to raise awareness of the specialist funding available to regional tech companies. Dawn Dunn, NEF marketing manager said: “Financing a tech business can bring a unique set of challenges. Balancing capital and growth needs is often difficult. The development time often necessary to bring technologies to market can create financial problems.”

However, many of these challenges can be overcome with debt and equity funding alongside other finance tools. Philip Murray, commercial director and growth coach from Harlands Accountants, will lead a Q&A session with some insight into how businesses have met these challenges.

Philip said: “The tech sector in the North East is hailed as being key to the economic growth of our local and regional economies. And to make sure that this continues, investment in start ups, emerging businesses and early stage expansion is crucial. This can only happen if businesses know what options are available and have access to sound advice about the best finance opportunities to help them realise their ambitions.

“We’ve designed this event specifically for tech entrepreneurs so they can find out what financial support is out there, how to go about securing it and hearing from a great line-up of companies who have experienced the process first-hand and are on the route to building successful businesses.”

Companies taking part on the panel are:

  • Will Dracup – BioSignatures
  • Neil Loxley – Ibex Innovations
  • Roland Glancy – Radfan

This event is free-of-charge to NETPark Net and Affinity members. Non-members: please email innovation@uknetpark.net or visit www.northeasttechnologypark.com to attend as a guest.

For more information, please contact Elaine Scott elaine.scott@durham.gov.uk or Helen Jacksonhelen.jackson@durham.gov.uk Tel: 03000 356 505

By admin