NEIF


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AcronymDefinition
NEIFNational Electronic Initiative Framework
NEIFNational Electrical Industry Fund
NEIFNorth East Investment Fund (UK)
NEIFNational Export Insurance Fund (India)
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References in periodicals archive ?
The development is just the latest investment made by NEIF. This PS55m loan fund has already invested over PS25m in projects across the North East.
The NEIF is just part of a comprehensive suite of funding underpinned by publicly backed investment - helping some of our most dynamic companies at critically important stages in their evolution.
As well as NEIF, One North East is pumping millions into successful existing investment funds at the same time as drawing up plans to unlock a pounds 125m pot of European cash.
The NEIF funding is giving Econnect the funding to increase that growth rate to over 50% per annum as the renewables industry takes off."
Now Ridge Media has secured a pounds 75,000 loan from Northern Enterprise's NEIF 3, an pounds 18m investment fund to provide unsecured loans and investment capital to rapidly growing SMEs.
The third phase of the North-East Investment Fund (NEIF 3) is specifically designed to boost small and medium-sized firms in the region, with the aim of safeguarding hundreds of jobs and creating many more.
NEIF 3 aims over the next three years to help 330 North-East firms with 58 new business start-ups included in this figure.
The first two rounds of NEIF funding totalling pounds 9.1m invested between 2000 and 2002, have created 959 new jobs and assisted 188 companies.
Loans or equity investments of up to pounds 250,000 can be made to NEIF 3 applicants who employ no more than 250 staff and have a turnover of up to pounds 20m.
The third phase of the North-East Investment Fund (NEIF 3) - a public/private sector partnership, funded by One NorthEast, the European Regional Development Fund and Barclays Bank - also intends to help establish 58 new businesses.
NEIF 3 will be formally launched today at Seaham Hall Hotel, County Durham, where businesses which have benefited from the previous rounds of NEIF funding will tell how this investment has been put to good use.
One NorthEast chairwoman Margaret Fay said: "NEIF 3 is the latest in a series of important funding streams put in place by One NorthEast and its partners to help smaller companies bridge critical funding gaps.