A VENTURE capital company with £35million of Government funding to invest in private companies is urging North East businesses to come forward.
Northstar Ventures, which manages two of the funds on behalf of the Government’s £125million Finance for Business North-East super fund, is looking to invest in entrepreneurs with ideas and companies who want to grow.
Although more than 200 North-East companies have benefited, funds must be invested by 2014.
Experts from Northstar have money from the £15million Proof of Concept Fund and the £20million Accelerator Fund waiting to be invested in companies.
As the fund is public money, returns made will be reinvested in the region.
Fund managers believe there may be a wealth of companies and entrepreneurs in the region who have yet to come forward.
Venture capitalist funds are managed by professional investors and invest capital in business ventures for start-up or expansion in exchange for equity or a share of the company.
The money is invested in the interest of realising a return on the investment when the company becomes big enough to be sold or floated on the stock market.
Full details at northstarventures.co.uk