Advisor roles are saved.
Thanks to the European Regional Development Fund 2007-13 and an additional pounds 9m from One Northeast, BENE will maintain around 90 account managers and 50 relationship managers offering advice to firms.
BENE said without the funding, which runs initially until March 2010, it would have had to cut the numbers to 48 and 25 respectively.
The safeguarding of these roles is expected to create 750 new jobs in the region and assist more than 1,000 SMEs.
Jonathan Lamb, director of BENE, said it was a shot in the armfor local entrepreneurs and fledgling start-ups.
"This enables more people in business or looking to start a business to receive the best service from the public sector and help North-east firms through difficult economic conditions."
BENE chief executive Alastair MacColl, hailed the "substantial impact" of EU assistance in regional economic development.
"If we are to close the productivity and wealth gap with the rest of the country, we need to provide North-east businesses with this quality of information, advice and business solutions support," he said