Member News
Northstar’s new Venture Sunderland Fund, which has been designed to accelerate the growth of start-ups and scale-ups in Sunderland, is set to play a key part in the city’s transformation, fostering innovation, creating high-quality jobs and driving long-term prosperity in Sunderland and the wider north.
The fund will complement and leverage the £2bn+ regeneration programme that is already underway in the city and help to transform Sunderland into one of the leading innovation hubs in the North of England.
The Venture Sunderland Fund will build on Sunderland’s emerging strengths in industries such as advanced manufacturing, low carbon, the digital and creative industries, as well as in health and ageing, creating a new cluster of innovative and ambitious high-growth companies, based in Sunderland, but with the potential to scale globally.
Alasdair Greig, Director, Northstar Ventures says: “Venture capital is a crucial ingredient for driving growth and prosperity in Sunderland. It will help catalyse growth across the city’s start-up and scale-up landscape and generate the high-quality jobs needed to transform our economy, providing local people with new career paths, higher income potential and the chance to be part of innovative and dynamic global industries.”
Naomi Allen Seales, Investment Manager, Northstar Ventures added: “It has been wonderful to witness the redevelopment of Sunderland over the last few years. The Venture Sunderland Fund will build on this and support the development of the entrepreneurial ecosystem in the city, supporting talented founders to scale their businesses in Sunderland.”
