Key Takeaways
- North East Local Enterprise Partnership raises £7.4M in a groundbreaking funding round.
- The funding was provided in the form of a government grant, with the Department for Education as the lead investor.
- The raised funds will be crucial for promoting and developing economic growth as the startup continues its operations.
On 18th July 2023, the North East Local Enterprise Partnership, a business-led strategic partnership based in Newcastle Upon Tyne, UK, successfully secured a substantial £7.4 million funding. The funding type was a government grant, with the Department for Education emerging as the lead investor. Crunchbase lists this as the partnership’s first funding round.
The North East Local Enterprise Partnership, active in the government industry, is dedicated to promoting and developing economic growth through strategic business-led strategies. This fresh influx of funds will undoubtedly help the startup further its mission and expand its potential impact.
Stay tuned for upcoming news and developments regarding the North East Local Enterprise Partnership and their exciting funding journey.
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