"We'd very much encourage business managers in the region to look at the development options that the Growth Fund
might also facilitate for them."
Typically, growth funds
, tend to be a bit more volatile than the overall market, but they also carry the potential for greater gains.
Hosted by regional fund management firm NEL Fund Managers, which administers the Growth Fund
, the event was designed to celebrate the positive impact on the region that the fund has had over the last four years, and to encourage attendees to put new names forward that might become part of their growing investee portfolio.
Mr Swales highlighted the importance of the Regional Growth Fund
to businesses on Teesside and called on Mr Alexander to support a fourth round.
His hottest fund--up 49.7%--is the Van Wagoner Emerging Growth Fund
, which features 110 holdings of fast-growing companies.
BE Group is responsible for all of the administration of the scheme and are accountable to the Government Regional Growth Fund
for its delivery.
Barrie Hensby, chief executive at NEL, says: "Given the fact that there is always a bedding-in period with any fund in the first few months after launch, the fact that we've now invested over half of the Growth Fund
in almost exactly half its lifespan is extremely encouraging, and also provides a strong testament to the skills and tenacity of the NEL team.
MORE than 75 representatives from the region's leading professional services firms joined local business representatives at an event to mark the second birthday of the pounds 20m Finance For Business North East Growth Fund