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Business & Economy

Northstar Ventures’ joy at £275 million investment milestone

An investment house has hailed its impact on business growth after helping deliver more than £275 million support and 2000 jobs across the region.

Northstar Ventures has invested in excess of £95 million into North East small and medium-sized firms and social enterprises since 2010.

And bosses say its moves have attracted an extra £180 million-plus of finance from its network of national and international angel, corporate and institutional co-investors. 

Alasdair Greig, director at Northstar Ventures, said: “We are delighted to support the local economy with critical funding for growth.

“Our portfolio companies are delivering world-beating technology on our doorstep, including Advanced Electric Machines producing motors for the electric cars of the future, Low Carbon Materials recycling plastics into building materials and AMLo Biosciences providing early cancer diagnostics.”

“The North East is now a focus on the global map.

“It is in the top 200 tech ecosystems in the world, with world-class opportunities in areas such as clean-tech and life sciences, has over £1 billion in investment opportunities coming out of its world-renowned universities, and is increasingly appealing to founders priced out of the South of England.”

Jane Reynolds, Northstar business development manager, who is also chair of Tees Valley Business Club, added: “It is truly a wonderful thing to be able to support entrepreneurial SMEs on their growth journeys.

“These small and growing businesses form the backbone of the economy, employing skilled staff and creating wealth in our region.”