THE head of a North East private investment firm has said 2013 will see him continue to refocus on the region.
Jeremy Middleton, who owns Middleton Enterprises, has said a successful 2012 came as a result of consolidating “on what we do best”.
Middleton’s private investment company will look to repeat success investing in the likes of D-line, a cable company which has a range of new products ready to go.
“2012 was about positioning ourselves for the future,” Mr Middleton said.
“We are less dependent on our share trading and have instead become more focused on our competitive edge in the North East.
“That means more focused on helping those companies we are already invested in or in existing firms and doing much less on new start-ups.
“In reality we won’t really be doing start-ups any more, that is not going to be what we do now and that’s how things will change in 2013.”
Middleton Enterprises’ £50m has made a substantial contribution to the North East’s economy by investing in and providing business advice to entrepreneurial businesses.