We are obviously disappointed that the outcome of the Referendum was a vote to leave the EU, as we’ve seen first-hand the positive impact that European funding has had on the North East. While the future is uncertain at present we’re confident that, in or out of the EU, investment into the North East business community will continue.
Throughout 2016 our Investment Team will be concentrating on investing the £6m extension to the Finance for Business North East Proof of Concept and Accelerator Funds. We are also committed to working with the UK Government, Local Authorities and LEPs, to continue to develop the ecosystem of support available to North East businesses. We believe that the UK Government will see the value in continued regional investment: since 2010 Northstar’s investments alone have created 794 jobs in the North East and leveraged £3.40 of additional investment for every £1 of public money invested.
Regardless of any changes following the vote to leave, we look forward to the continued success of the North East business community.
If you have any queries, please do not hesitate to contact us.
