In Business growth and finance, News

North East Enterprise Agencies Ltd (NEEAL) is a unique collaboration of multi award-winning, locally embedded enterprise agencies, operating across the North East to provide SMEs with business support and strategic input.
NEEAL was established in 2008 to ensure there was regional coverage of enterprise and business support services in the North East.

Over the past three years, NEEAL has secured over £44 million from both the public and private sector to support North East businesses, as well as offering tailored business guidance and being the region’s largest supplier of incubation and office space in the region.

NEEAL puts its users’ needs at the centre of its services, building bespoke packages of support and offering independent, impartial business advice and guidance. The group works in partnership with local suppliers wherever possible and utilises its knowledge of European and government initiatives, networks and contacts for the benefit of service users

These are just some of the key achievements of NEEAL over the past three years:

• 10,854 businesses supported to develop and grow, leading to £272,302,336 into the regional economy
• 24,774 individuals prepared for enterprise
• 13,995 jobs created, leading to £15,159,537 into the regional economy
• 11,227 new businesses started

In terms of value for money, for every £1 invested into the NEEAL start-up service, £4 of economic benefit for the North East economy has been generated.

NEAAL supports people at every stage of business, from getting ready to start a business; getting started; making transitions between unemployed and employed, or employed and self-employed; and also supporting businesses to grow and expand.

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