An event highlighting £30bn of investment possibilities in the North East has been held for leading financiers in London.
Northstar Ventures, in partnership with Northern Accelerator and the NewcastleGateshead Initiative (NGI), hosted the breakfast event at the London offices of insurance giant Aviva. Representatives of businesses and the region’s universities told an audience of 150 people from investment groups and global banks about opportunities in the North East for green industries and the knowledge-based economy.
Speakers included representatives from the North of Tyne Combined Authority, Durham County Council, Tees Valley Combined Authority, Centre for Cities, NGI, the Universities of Newcastle, Sunderland and York, GB Bank, Atom Bank, Advanced Electric Machines, NorthEast Capital, Lloyds Banking Group and Equinor.
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Newcastle-based Northstar Ventures, together with Northern Accelerator, is aiming to attract leading industry talent, enable ground-breaking research and innovation, support the spin-out of new companies in the North East through venture capital investment.
Dominic Endicott, director of Northstar Ventures, said: “The knowledge and tech economies are a British success, creating over £50bn in value in the past decade. The next wave will be about bringing this Revolution to the Regions.
“The North East, anchored by its strong universities, towns, and cities, with leadership in areas such as NetZero, FinTech and Healthy Ageing, and with £30bn of investable projects, offers a once-in-a-generation opportunity for British and Global investors.”
Sarah Green, chief executive of Newcastle Gateshead Initiative, said: “With so much opportunity in the region it’s our job to promote our offer to the world. This event was a real collaborative and regional effort to attract crucial private sector investment that will support the social and economic ambitions of the North East of England.
“Our region’s strengths in life sciences, tech, creative and low carbon support the positioning of the UK as a competitive location for investment and evidence that the North East is a place where global companies can scale and where investors can align their ESG, levelling up and NetZero priorities. This event was a clear signal to city investors that the North East is open for business and truly unique place to live, work and invest.”
NGI will also aim to promote North East investment possibilities at the Mipim and UK’s Real Estate Investment & Infrastructure Forum events.
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