Venture capital company Northstar Ventures has established a registered charity, The Northstar Foundation, which will support the development of entrepreneurship and social enterprises that benefit excluded and deprived communities in the North East of England.
Alasdair Greig, Director of Newcastle-based Northstar Ventures, said:
“As part of our commitment to supporting our community and the recent expansion of our fund management expertise into social investment, The Northstar Foundation has been set up to provide additional support for social investment in the North East. This follows our appointment as managers of the North East Social Investment Fund.”
Tony Henfrey, who is both Chairman of Northstar Ventures and Chair of the Trustees of The Northstar Foundation, added:
“I am delighted to be working alongside Northstar Ventures to get the Foundation actively involved with social investment in the North East. This is a really exciting project, and it reinforces Northstar Ventures’ commitment to help our community even further.”
No unsolicited applications
A statement by the Foundation reveals that it has already identified a number of charitable activities to focus on “so we are not generally in a position to respond to unsolicited requests for grants or donations”.
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