The Tees Valley Catalyst Fund offers short-term debt investments from £100,000 to £2million to support businesses bidding for contracts.

The fund can provide businesses with short-term loans to finance contract-related bonds including:

  • Performance bonds
  • Warranty bonds
  • Advance payment guarantees

Businesses can use these to help bid for new contracts, repaying once the contract is delivered or the warranty period has expired.

The loan is used as cash security and deposited with banks to enable the issue of an advance payment guarantee, performance and/or warranty bond.


The fund supports businesses based in the Tees Valley  (Darlington, Hartlepool, Middlesbrough, Redcar & Cleveland and Stockton-on-Tees) and the wider North East (including County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside, Sunderland and parts of Hambleton, Richmondshire, Ryedale, Scarborough).

Both SMEs and larger businesses can apply for finance.


About the fund

This £10million fund is managed by FW Capital on behalf of Tees Valley Business, which is the local growth hub for the Tees Valley and part of the Tees Valley Combined Authority.