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Birmingham Post

Business

Coreena Ford

North East deals of the week: contracts and investments

NEL Fund Managers AJ Bell Nel Brendan Foster Newcastle Paul Foster Creative UK

Newcastle based Arcus Studios sealed a £150,000 investment from the North of Tyne Culture and Creative Investment Programme, to help it boost work with clients which already include the likes of BBC, E4 and the McMillan Trust. The company says it will use the capital injection to aid cashflow stability, staff team expansion, and value addition through enhanced financial governance.

The deal marks the latest for the investment programme, a partnership between Creative UK and the North of Tyne Combined Authority, which offers financial and business support to those working in the cultural and creative industries in North Tyneside, Northumberland and Newcastle.

Read more: People on the move: key North East appointments and promotions

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