Two independent non-executive directors are sought to join the Board for North East (SPV) Ltd, the holding fund management company for the North East Fund, from April 2017.
The North East Fund will manage a suite of venture capital and loan funds ('VCLFs') to support small and medium sized enterprises in the North East Local Economic Partnership Area in the 2017-2023 period.
Around £120m of capital will be allocated to five individual funds to be managed by FCA authorised fund managers. The new Fund will build on the highly successful North East 'JEREMIE' programme that has invested almost £160m locally over the past seven years.
Successful applicants will have considerable, relevant board level experience; they will have demonstrated effectiveness in building and maintaining stakeholder relationships and strong team performance, and demonstrate technical knowledge and experience of venture capital, loans and/or access to finance. A previous involvement with the investment of public funds would be helpful.
North East (SPV) Ltd is committed to achieving diversity in terms of gender, ability, ethnicity.
Closing date for applications is: noon, 10 February 2017
Further information and Application pack available here