Am I eligible?

The North East is full of potential entrepreneurs and businesses wanting to be even bigger and better

Our aim is to create a culture in which individuals with business ideas have the confidence and means to create high growth start-ups.

If you can meet the requirements set out here, you may be eligible to join High Potential Startups:

  • You have a great business idea, based on a clear market opportunity, industry knowledge, technical expertise, business expertise and/or an established customer base.
  • Your business hasn’t started yet or it has been registered and is pre-revenue, which means you have not yet begun trading.
  • You have clear targets and goals for your business and believe that your business has the real potential to grow quickly and sustainably to achieve a turnover of more than £1m or more by the end of its third year of trading.
  • You expect that you will start to employ people in the first year of trading and that by the end of the third year, you will have created four or more jobs.
  • You are a resident of one of the seven local authorities in the North East LEP area (Northumberland, North Tyneside, Newcastle, South Tyneside, Gateshead, Sunderland, County Durham) that make up the North East LEP area.
  • You will establish your business within the North East LEP area.
  • Your and/or your business meet state-aid criteria, which means you haven’t received more than 200,000 Euro in state aid during the previous three years.

Places are limited. Successful applicants will be those who the judging panel feel have the strongest growth potential.

Business ideas will be chosen because the panel believe they have the potential to achieve a turnover of £1million or more by the third year of trading.

Check here that your business and residential address(es) are in the North East LEP area.

Finally, the push your startup has been waiting for

If you have an idea for a new, high growth business, you’re in the right place.

The High Potential Startups programme will help you to bring your idea to life, bigger and better than you can alone. We’ll help you test your idea, understand customers, fill skills gaps, access finance and find co-founders.

Expressions of Interest for the fourth round of High Potential Startups are now open.

Make the leap now.

By agreeing to this, you will not receive e-mails as part of our e-news subscription service, unless you have previously opted in.

Just looking for startup funding? If you’re looking for funding only, visit the North East Growth Hub to find sources of finance for startups.