Creative Boost – unsecured business loans

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Through the North of Tyne Culture and Creative Investment Programme, funded by the North of Tyne Combined Authority, we are investing £1.5m in loans in the North of Tyne’s cultural and creative industries. We have ringfenced a part of this fund to offer unsecured business loans of £25,000 to 10 creative SME’s.

Creative Boost will facilitate creative SMEs to try their ideas and business plans, hit milestones and create evidence of commercial sustainability, as a potential gateway to future funding through loans and equity.

Applications are encouraged from growth-minded businesses that are innovative, operate in the creative and cultural sector, are looking to build a commercially sustainable business.

Please note: applications are currently closed for Creative Boost whilst we review the current applications. Round 2 of Creative Boost is due to open on July 12th, 2022. Sign up to our newsletter for all updates and announcements. 

Our loan offer
  • Loans of £25k
  • 6% interest rate
  • Unsecured, no management fees, no early repayment charges
  • Repayment term of up to 3 years
  • Investment decision within 10 working days of completed application
  • Access to wrap-around business support
  • Obligation to hire 1 new employee on a full-time or part-time basis
Who is eligible?

To be eligible to apply, businesses must:

  • be based in the North of Tyne (Newcastle, North Tyneside, or Northumberland)
  • operate within the cultural or creative industries
  • trading for less than 5 years
    most recent annual revenue of less than £500,000 a year
  • be seeking investment towards activity that meets the aims of the programme
  • be able to provide the financial information requested as per the templates provided in the application
Apply

Make sure to read our guidelines before applying.

Applications are currently closed for Creative Boost whilst we review the current applications. Round 2 of Creative Boost is due to open on July 12th, 2022. Sign up to our newsletter for all updates and announcements.

  • Loans of £25k
  • 6% interest rate
  • Unsecured, no management fees, no early repayment charges
  • Repayment term of up to 3 years
  • Investment decision within 10 working days of completed application
  • Access to wrap-around business support
  • Obligation to hire 1 new employee on a full-time or part-time basis

To be eligible to apply, businesses must:

  • be based in the North of Tyne (Newcastle, North Tyneside, or Northumberland)
  • operate within the cultural or creative industries
  • trading for less than 5 years
    most recent annual revenue of less than £500,000 a year
  • be seeking investment towards activity that meets the aims of the programme
  • be able to provide the financial information requested as per the templates provided in the application

Make sure to read our guidelines before applying.

Applications are currently closed for Creative Boost whilst we review the current applications. Round 2 of Creative Boost is due to open on July 12th, 2022. Sign up to our newsletter for all updates and announcements.

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