Esteemed executive, Jason Hobbs, has teamed up with like-minded locals to help build upon the North of Tyne economy.
Jason has worked in the development of the North East’s financial infrastructure for the past 16 years, managing multi-million pound investment funds across the region.
Jason is the CEO of The North East Fund, a suite of five venture capital and loan funds committed to investing in small to medium sized enterprises in the North East, including investment in new technologies and entrepreneurialism.
He is now using his expertise to unite with business bosses from across the North of Tyne on the North of Tyne Growth Panel, to support the development of local businesses.
Jason said: “The North of Tyne Growth Fund aims to stimulate and support businesses with high growth potential, as well as generating additional employment and I’m looking forward to working with the region’s ambitious businesses through the North of Tyne Growth Fund”.
The North of Tyne Growth Panel is chaired by NTCA Director Henry Kippin and is made up of private-sector experts, like Jason, and public sector representatives to review and provide funding for SME’s in North of Tyne communities.
The fund is backed, in part, by the European Regional Development Fund and £4.6m has been granted to aid the growth of local businesses throughout Newcastle Upon Tyne, Northumberland and North Tyneside.
North of Tyne cabinet member for Economic Growth Cllr Bruce Pickard said: “Now more than ever, support for businesses in the North of Tyne is key.
“The business and local knowledge of our private sector panel members will allow us to best allocate the funds throughout our communities.
“Through collaboration, the Growth Fund Panel will be able to award funding and support to our SMEs, which will improve our economy, employment and long-term growth.”