What area does the GNDF cover?
The project or SME must be located or registered within the North Tyne Combined Authority region, this includes Newcastle, North Tyneside and Northumberland.
What makes a project eligible?
For every £4,525 invested, the project must save one tonne of carbon dioxide per annum and energy efficiency projects must create a 10% reduction in energy costs. Projects should also seek to support local supply chains and jobs.
How much will the GNDF invest in a project?
GNDF is targeting investments from £0.2m to £2m. At least 50% of the funding for the project must come from other sources.
Does the GNDF seek a commercial return?
GNDF provides competitive and flexible finance bespoke to the financing needs of the project.
What type of funding can GNDF provide?
GNDF can provide funding for a specific project or growth funding for an SME.
Should I apply for grant, equity or a loan?
It is possible to apply for any of or a combination of grant, equity and/or loans to support the business case of the project.
Is there a deadline to apply for funding?
No, applications can be made at any time up
to October 2025, subject to availability of funds.
How do I make a formal application?
Contact GNDFinfo@amberinfrastructure.com with a view to completing the application form available at www.greennewdealfund.co.uk