A Newcastle digital agency is launching an online marketplace to help freelancers find work with a £750,000 investment.
Founded in 2014 by Vic Morgan, the e-commerce and digital marketing company has grown its revenue, customer base and workforce and now has a team of 27 employees managing more than 60 accounts across various industries.
The Newcastle city center-based company, which last year moved its staff to a four-day week to give them a better work-life balance, has benefited from the program’s investment. cultural and creative investment from North Tyne and Creative UK’s Creative Growth programme. Financing fund.
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Implemented in partnership with the North of Tyne Combined Authority, the North Tyne Cultural and Creative Investment Scheme offers one-of-a-kind financial and business support to those working in the cultural and creative industries of North Tyneside, Northumberland and Newcastle.
The company said Creative UK’s investment will enable it to accelerate the growth of its consultancy business and launch an online marketplace to help top freelancers find work.
Mr. Morgan, Founder and CEO of Venture Stream, said: “It’s great to have Creative UK on board as a strategic investor, supporting Venture Stream’s award-winning e-commerce and digital marketing business. With their support, we are now able to expand our commitment to people-centric strategies, including our four-day workweek initiative and creating work for e-commerce and digital marketing freelancers in worldwide through our new Flow marketplace platform.
“Our team has always been at the heart of our business, and we look forward to continuing our journey with the financial support of Creative UK, one of the leading providers of talent and innovation in the creative and digital economy.”
Caroline Norbury, Managing Director of Creative UK, said: “Venture Stream is a fantastic example of the type of creative business we want to invest in – a business with not only a strong history of growth and market performance, but also a clear commitment to their Environmental, Social and Governance Responsibilities We are particularly delighted that part of Creative UK’s investment will come from the North Tyne Cultural and Creative Investment Program, the growth and success of Venture Stream being prepared to generate high quality employment opportunities within the creative economy of the North Tyne region.
Carol Bell, Head of Strategic Engagement for North Tyne at Creative UK, said: “We are very pleased to invest in Venture Stream, a brilliant company from the North East which promises to create high quality opportunities in the North Tyne region. We have no doubt that with our support, they will continue to improve the region’s creative and digital ecosystem, setting an example that we hope similar businesses in the region will follow.
The North of Tyne Cultural and Creative Investment Scheme invests over £2 million on behalf of the North of Tyne Combined Authority through loans and equity funding. Creative Growth Finance is a specialist investor dedicated to the creative industries, co-financed by Triodos Bank.