Investment board

View the details of our investment board

North East LEP Investment Board

The Investment Board is a sub-board of the North East LEP Board, with the purpose to oversee all matters relating to the development and delivery of funding programmes operated by the North East LEP, including North East Growth Deal Local Growth Fund (LGF), North East Investment Fund (NEIF), and Enterprise Zone funding. It has delegated authority to take funding decisions of up to £5m on behalf of the LEP Board.

You can find the terms of reference, agendas, minutes and papers here.

Andrew Moffat, CBE

Chair of Investment Board

Andrew Moffat has extensive experience in financial, commercial and strategic roles within a number of international companies. He joined the Port of Tyne as the Finance and Commercial Director in 2007 before progressing to Chief Executive until October 2018. He was named a Commander of the British Empire (CBE) in the New Year’s Honours List 2016 for services to the North East economy and UK ports. Andrew is Chair of the CBI’s Regional Council in the North East and a member of a number of other local partnership boards focused on the delivery of economic regeneration.

You can read Andrew’s Register of Interests here.

Gillian Hall

Chair of Innovation Board, member of Investment Board

Gillian is a highly respected contributor to private and public sector organisations through various non-executive roles (including Harbour Commissioner at the Port of Blyth), her corporate finance consultancy business and mentoring for growth. Gillian was the first female Senior Partner at Watson Burton LLP, a national law firm with offices in Newcastle, Leeds and London, and before that, led the firm’s corporate team for many years.

You can read Gillain’s Register of Interests here.

Jason Hobbs

Jason Hobbs

Investment Board member

Trained as a chartered accountant, Jason is responsible for the monitoring and reporting of the funds in addition to managing the financial systems of the business and liaising with the European Investment Bank and other stakeholders. He has worked in regional venture capital for the past 13 years, having joined NStar in 2004 helping to establish and manage the North East Proof of Concept Fund and the North East Co Investment Fund. In 2010, Jason transferred to North East Finance where he served as finance director throughout the investment life of the North East JEREMIE Fund.

You can read Jason’s Register of Interests here.

David Furniss

David Furniss

Investment Board member

David has 35 years’ experience in commercial property consultancy across all geographic areas of the country. He is responsible for advising clients on a regional and national basis, and coordinating a team of professionals offering comprehensive property advice to a wide range of clients.

He has represented major institutional landlords, occupiers as well as many public sector organisations. David has extensive experience in city centre development, letting and investment management and development consultancy for development companies, institutions and public sector bodies. His key skills include land assembly strategies, creation of master plans, marketing and sale of development opportunities, negotiation of development agreements, development partner procurement, preparation and analysis of development appraisals and viability assessments, exit strategies. He has particular expertise advising universities and colleges on their estate strategies and property interests.

You can read David’s Register of Interests here.

Ian Richards

Investment Board member

As one of the Directors of Northstar, Ian oversees the investment team and leads on company exit strategies.

Ian began his career at NatWest, where he held a variety of positions in the retail and corporate banking sectors. In addition to having over 20 years’ experience in venture capital and private equity, Ian is an Associate of the Chartered Institute of Bankers, a Member of the Institute of Commercial Management and was an elected Corporate Finance Representative for The Securities Institute. He is a Member of the Entrepreneurs Forum and has mentored early stage business leaders through the Forum’s programmes. Ian also works with The Prince’s Trust, speaking at events to inspire future generations of entrepreneurs. 

You can read Ian’s Register of Interests here.

Mark Thompson

Private Sector Board member and Investment Board member

Mark Thompson is managing partner of Ryder Architecture, where he is responsible for the strategic development of the highly successful design company with offices across the UK and a growing international portfolio from offices in Hong Kong and Vancouver. He sits on the NELEP investment board and is also on the CBI’s Regional Council for the North East and their National Construction Council.

You can read Mark’s Register of Interests here.

Councillor Bruce Pickard

Deputy Elected Mayor, North Tyneside Council

Councillor Pickard has been a member of North Tyneside Council from 1982. Since 2013 he has been the Deputy Elected Mayor and a Cabinet Member. His cabinet responsibilities include Regeneration, Planning, Business and Economic Development and Delivery of the Investment Programme

He is a cabinet member on the new North of Tyne Combined Authority with responsibility for economic growth and the Investment Fund. In addition he is a member of the Tyne and Wear Fire and Rescue Authority.

You can read Councillor Pickard’s Register of Interests here.


Awaiting nomination from the North East Combined Authority’


Where can I find out more about the targets in the Strategic Economic Plan and how we are performing against them?

You can find information on all of our targets here. The North East LEP is constantly reviewing progress against the targets as new data emerges and publishing regular updates on the news section of this website.

How was the SEP developed?

The first version of the Strategic Economic Plan was published in April 2014. It followed on from the North East Independent Economic Review and set out a high level vision for the economy and included investment programmes for Local Growth Fund and European funds which were available at that time.

The SEP was refreshed during 2016 and launched in March 2017 following an extensive consultation involving businesses and economic partners. The refresh process enabled the region to reflect on new economic data following the end of the recession and the changing economic policy environment including the decision to leave the European Union.

Can’t find what you’re looking for?

If you can’t find what you are looking for on this page, please do get in touch.

You can call us on (0191) 659 7072 or email [email protected]