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Helping commercial property developers access finance The North East


Tony Cullen is Property Fund Manager at FW Capital and helps prop- erty developers secure investment to realise development ambi- tions. Here Tony talks about what funding is available and how it can support commercial property projects across the North East.


Access to finance is still challenging for many developers, how is FW Capital helping?


We understand the challenges facing the property market and over recent years there has been a lack of speculative development across the region because of the viability gaps that exist. This is one of the reasons we set up the North East Commercial Property Investment Fund. It’s a £35million fund that is making real head- way in bridging the funding gap. Managed by us and backed by the North East Combined Authority, it’s helping developers bring forward schemes in the region which otherwise might not be supported. It’s also important to stress the developer doesn’t need to be based in the region, as long as the project is!


How can people access this £35million funding pot and what are the typical criteria?


The North East Commercial Property Investment Fund provides loans between £1 million and £7 million with terms of up to five years. Investment is available for non-speculative and specu- lative developments across Northumberland, County Durham, Gateshead, Newcastle upon Tyne, North Tyneside, South Tyneside, and Sunderland.


Schemes that qualify include refurbishment projects, mixed use developments, businesses extending and creating new offices, indus- trial space, warehouse developments, and retail schemes such as trade counters and roadside units.


Businesses that qualify for investment include commercial builders, construction firms and property developers who are seeking funding for projects across the seven local authority areas of the North East Combined Authority.


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Are there any other new forms of investment support available?


Last year we launched our new Teesside Flexible Investment Fund, a £20million fund to support businesses in Teesside which aims to tackle identified funding gaps in the region. Designed by FW Capital with investment from the Teesside Pension Fund, the fund can offer property development funding to support economic development in Hartlepool, Middlesbrough, Stockton-On-Tees and Redcar & Cleveland area. This is a significant move for us and we’re excited be able to extend our expertise to funding developments across Teesside because we previously were limited to working across the North East Combined Authority areas.


Are you seeing increased demand for funding for new commer- cial property developments?


Yes, business confidence seems to be improving. We’re seeing an uptick in the market, as a result of interest rates falling and material prices stabilising. Developers are now looking to take schemes for- ward and we’re currently in advanced discussions to support four schemes worth in the region of £50million. In addition, we’ve also supported property developer Almscliffe Dhesi (AD) who received a £6million loan from the North East Commercial Property Investment Fund to assist the regeneration of Sunderland’s former Farringdon Police Station site. This will create a multi-million-pound retail devel- opment, creating up to 150 jobs for local people.


It is the largest loan provided by the fund since its launch in 2023 and demonstrates our commitment to helping bring this project to its conclusion. It’s also a great example of how a developer based outside of the North East has been able to access funding to sup- port their activities in Sunderland. The 32,100sq ft retail park is fully let and will feature a range of national retailers, including B&M Homestore, Costa, Greggs, and Westway Vets.


To find out more if our experienced team at FW Capital can help fund your next project, please visit www.fwcapital.co.uk/property or email info@fwcapital.co.uk


COMMERCIAL PROPERTY MONTHLY 2025


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