NEL Fund Managers

NEL Fund Managers Limited is an independent employee-owned fund management company based in Newcastle upon Tyne, United Kingdom. Established in 1989, it focuses on providing tailored and unsecured funding solutions to small and medium-sized enterprises throughout the North East of England. The firm has managed eleven funds with a combined value exceeding £90 million, including the Finance for Business North East Growth Fund. Over the past five years, NEL has invested in more than 200 regional companies, making it the most active business investor in the area. Its investment strategies encompass seed, early-stage, later-stage, growth capital, buyout, and loan capital investments, significantly contributing to the regional economy by supporting numerous businesses and jobs.

Jonathan Luke

CEO

7 past transactions

OptiMe

Grant in 2025
OptiMe Ltd offers workplace wellbeing consulting and a wellbeing app to enhance employee satisfaction and productivity.

Deep North

Debt Financing in 2024
Deep North operates as an independent coffee and doughnut shop.

Cenelec Standards Inspections

Debt Financing in 2023
Cenelec Standards Inspections Limited specializes in hazardous area inspection and maintenance services essential for compliance with legal requirements. Founded in 1982 and based in Cramlington, United Kingdom, the company offers a comprehensive range of services, including initial detailed inspections of electrical and non-electrical equipment, ongoing inspections, periodic fixed wire testing, and equipment maintenance and repair. Additionally, it provides rig compliance services, which encompass compliance improvement projects and ISO second-party auditing. Cenelec also conducts area classification assessments, circuit breaker testing, and offers technical training for tradesmen and management on hazards and standards associated with potentially explosive environments. The company serves clients in the oil and gas, chemical, and pharmaceutical industries, both domestically and internationally.

Advertise1

Seed Round in 2020
Advertise1 is an idea which came around in April 2015, with inspiration from a few employers and friends, and then ideas were put together. As time went on, and idea was then expanded, the name was decided whilst drinking a cup of tea, and the logo then followed on from that. Now it is the website to expand out and get the name out there.

Electek Solutions

Debt Financing in 2020
Electek Solutions is combining traditional infrastructure and engineering expertise with the latest developments in cloud-based remote management.

Nudge Education

Debt Financing in 2019
Nudge Education provides individualised intervention services which engage, educate and empower children and young people who are, for whatever reason, chronically disengaged from education, and which are designed to achieve lasting results.

Electek Solutions

Debt Financing in 2018
Electek Solutions is combining traditional infrastructure and engineering expertise with the latest developments in cloud-based remote management.
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