An investment director at Maven Capital Partners has told Insider that he feels “positive” about the long-term prospects for the North East, as activity ramps up across the technology and science sectors. Michael Vassallo also outlined his plans to reach the £100m investment milestone within the next three years.
Vassallo is the investment director for Maven’s North East Development Capital Fund (NEDCF), which provides between £400,000 and £2m in finance to SMEs across the region.
During 2022, the North East office experienced a record year where it completed more than £30m of deals, injecting £15m, and successfully leveraging an additional £17.5m into 18 high growth businesses.
Source: Insider Media
