Over 350 jobs protected by North East LEP Crowdfunder campaign

Hundreds of businesses and jobs across the region have been safeguarded through a new fund launched during the pandemic.

The North East Local Enterprise Partnership (LEP) partnership with Crowdfunder UK has helped to support 120 businesses and protect over 350 jobs.

The scheme, which saw Crowdfunder UK agree to award up to £5,000 in match funding to crowdfund campaigns launched by small businesses in the North East LEP area,

£400k has been awarded by the North East LEP through the scheme, in addition to the £495k raised by almost 10,000 members of the public.

Helen Golightly, chief executive of the North East Local Enterprise Partnership (LEP), said: “Every business in every sector of industry has been impacted by the coronavirus pandemic, but it’s some of our region’s smaller businesses and enterprises that have struggled the most – particularly those that haven’t been able to adapt as quickly as others, leaving them vulnerable to redundancies and closure.

“The generosity and support from members of the public through crowdfund campaigns has been a lifeline for many small businesses, and as part of our package of support for North East businesses during the coronavirus crisis we wanted to ensure more vital funding reached these organisations.

“Through Crowdfund North East LEP on Crowdfunder UK’s website, we’ve been able to support businesses in every part of our region, and across a range of sectors; including tourism, sports, hospitality, the arts, music, and charities.”

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