North East Investment Fund applications are evaluated on the following key criteria:
- Strategic economic fit: will your project contribute to strengthening our local economy and/or benefit transport, connectivity or infrastructure? We consider how your proposal will impact immediately and/or act as a catalyst for future change.
- Deliverability: will your project be completed on time and are the goals achievable? Key issues that tend to affect the timescale are; for example, match funding, planning permission, site conditions and so on.
- The recyclability of funding: How and when will you repay the loan including consideration of contingency plans in unforeseen circumstances?
- Circumstances? Unlocking economic growth: How will your project and the investment achieve economic growth and outcomes including job creation, job safeguarding, brownfield land development and private sector investment?