North of England VC firm NorthStar Equity Investors has won the mandate to manage a £2.4m fund focused on investing in creative companies in the North East.
The fund was awarded by Northern Film and Media and the regional development agency One NorthEast.
The vehicle is open to companies based in the region and those wishing to move there. It will formally launch early next year. It will be a co-investment fund, with money raised from the private sector alongside the fund on a deal by deal basis, targeting management teams in the film, TV, interactive media, games and music sectors.