An investment of £1.22m is to boost a three-year project aimed to create over 200 jobs and 18 new businesses in the creative media sector in the North East of England, UK.
Newcastle-based Northern Film & Media (NFM) has secured the funding from the European Regional Development Fund 2007-13 to extend the range of its business support activities for commercial creative enterprises over the next 36 months.
The investment is part of an overall £3m initiative currently focusing on five core sector themes:
– sector capacity building,
– innovation and business growth,
– social media,
– market development and
– NFM’s North East Production Service.
NFM provides support through direct funding of projects, a commitment to training, and arranging services, workshops, seminars, screenings and networking events.
The project will offer support for Small and Medium Sized Enterprises (SMEs) to engage in new markets by opening up more digital distribution across the web, mobile, games and interactive media industries.
The £1.22m part financing from the European Union’s ERDF Competitiveness Programme 2007-13 was secured through regional development agency One North East.
The agency has already contributed £1.84m to NFM.