Welcome to the first edition of North East View – an overview of LDC’s activity across the region and information about the role we’re playing in supporting the ambitions of management teams of local mid-market businesses.
It’s been an eventful year for the North East’s economy and business community. Yet, despite the uncertainty we remain committed to supporting the region’s ambitious management teams and stand ready to provide financial support and expertise.
We announced the launch of our Newcastle office earlier this year and have now officially opened our doors this Summer. Based in Grey Street in the heart of Newcastle’s business district, the office covers 3,000sq ft and will provide a permanent presence for us to work closely with local businesses and advisers. Our new office is a clear demonstration of our commitment to supporting businesses in the North East.
We have also strengthened our North East team this year, bringing in Investment Director Mike Barker. Mike’s regional expertise and business nous will enable us to better serve our local portfolio businesses and help us identify and secure new investment opportunities.
LDC has already had significant success of working with companies based in Newcastle and the North East, including partnerships with Aesica, Quantum Pharma and ZyroFisher. We currently have over £100m invested in portfolio companies across the region including Newcastle-based NBS and iamproperty as well as Northumberland-headquartered Mandata.
And while the current climate and economic backdrop is tough, my experience of working closely alongside businesses of all sizes across the North East tells me they’re tougher. That is why LDC’s support for management teams in the North East remains unchanged, along with our commitment to invest £1.2billion nationally over the next three years.
Management teams that lean into the challenges of today and remain true to their growth ambitions will be the ones to thrive in the coming year, provided we stand alongside them with the capital, support and optimism they need.
Head of LDC in the North East
Read or download our latest newsletter North East View 2020 below: