Venture capital firm Northstar Ventures is delighted to now be a partner of Peterlee and Seaham business park groups as it looks to work with more business across County Durham.

The North East Innovation Fund, supported by the European Regional Development Fund, was launched earlier this year and is managed by Northstar Ventures, with £27million available for investment into businesses across the north east.

Northstar has a wealth of experience, supporting entrepreneurs since 2004, and prides itself on being approachable and straightforward to deal with.  Business Development Manager Jane Reynolds is a regular at PBP and SBP networking events and says the first step is just to get in touch for a chat over a cup of coffee.

Jane says, “Innovation can be many things and we don’t want to miss any opportunities, or be too prescriptive.

“Essentially, we’re looking for something that’s different in some way. It could be that you’re developing a brand-new product, or you may want to launch into a new market, or you are improving on an existing service. But if you feel what you’re doing is innovative in any way we’re interested in having a chat.  We appreciate how confusing and overwhelming the funding landscape can be and we are here to hopefully make it a little easier.”

Leanne Fawcett, who sits on the Peterlee and Seaham business park steering group, said: “We are delighted to have the support of North Star Ventures, which we believe is the perfect addition to our portfolio of experts who are able to offer support to help businesses in our area grow.”

Northstar invests in a wide range of sectors, businesses who have already secured funding across County Durham include:

  • Applied Graphene Materials, a research and development company specialising in the production of high spec graphene
  • Clixifix, which offers defect and repair resolution software for housebuilders and commercial contractors
  • Ibex, which has developed innovative X-ray detector technology
  • Intogral, which builds intelligent cloud-based analysis systems that create value for customers around the world
  • Redu, a specialist marketing company that helps online retailers increase sales

For an initial chat get in touch with Jane Reynolds, Business Development Manager,

mobile: 0776 9938850 E: jane.reynolds@northstarventures.co.uk or Alex Buchan, Investment Director on mobile:07802482739 E: alex@northstarventures.co.uk

For more information visit www.northstarventures.co.uk.