Paul Woolston (left) and Jeremy Middleton (centre) with Paul Ruddick, MD of D-Line, one of the North East companies in which Middleton Enterprises has invested.

One of the North East’s top business leaders, Paul Woolston, has pledged to help direct investment in the region as part of his new role as chairman of Middleton Enterprises.

Mr Woolston has taken the position at the £50m investment company, founded by high profile businessman and philanthropist Jeremy Middleton, as it aims to build its role supporting growth within the region.

As chairman of the North East Local Enterprise Partnership (LEP), Mr Woolston has taken the opportunity to learn more about the work of fellow board member Mr Middleton, with whom he originally worked at PwC.

Mr Woolston becomes the first chairman of Middleton Enterprises.

Mr Woolston said: “The more I have got to know Jeremy and learn about Middleton Enterprises, the more I have come to admire their ethos and ambition to invest in businesses which can help to improve the North East and generate wealth here.

“My aim is to be a critical friend to the company as it continues to development its strategy, with the aim of Middleton Enterprises becoming a larger business that delivers upon its core values of supporting growth.”

Mr Middleton said: “Until recently, we have been a relatively small firm with something of a family feel, but our developmental aim is to become a greater driving force for prosperity. Paul holds many of the same values as the business’ existing team and brings a wealth of experience, massive business connections and very good commercial judgement, all of which make him an ideal person to be our first chairman.”

ENDS

ISSUED ON BEHALF OF MIDDLETON ENTERPRISES

CONTACT: Paul White on 01325 363436

Notes to Editors:

Middleton Enterprises Ltd is a private investment company that has made a substantial contribution to the North East’s economy by investing in and providing business advice to entrepreneurial businesses.

During recent years, it has supported a number of North East businesses, generally from start-up, usually taking a minority stake and offering strategic advice to support growth.

Jeremy Middleton

Mr Middleton is a high-profile entrepreneur and philanthropist based in Newcastle. He started his career as a Brand Manager at Procter & Gamble before working for PriceWaterhouseCoopers as a Marketing Consultant. He co-founded HomeServe, now a FTSE 250 company which operates in the UK, the USA, France, Spain and Italy, and remains a shareholder with a seat on the Executive Committee. He is a director at North East based energy and water consultancy company Utilitywise PLC.

Mr Middleton is a board member of homelessness charity Changing Lives and has served on the Promotions Board of St Oswald’s Hospice since 2005. Mr Middleton and his family are active supporters of the Variety Club Northern Region, which aids sick, disabled and disadvantaged children, and World Vision, an international charity which works to improve the lives of people in developing countries.

Mr Middleton has carried out a range of sponsored fundraising for a variety of charities which to date include the North Pole, Mount Kilimanjaro, Mont Blanc, The Haute Route, Mount McKinley, Mount Elbrus and a cycle ride from London to Paris.

In 2007, Mr Middleton established a Community Enterprise Fund to help charities establish commercial ventures and has championed the establishment of a Social Enterprise Fund, which is led by the Northern Rock Foundation.

Mr Middleton has been a Board Member of the North East Local Enterprise Partnership (LEP) since 2011 and is Chairman of the North East LEP Investment Fund, which makes recommendations to the LEP Board for the £25m Growing Places Fund and the £30m Infrastructure Fund.
In 2012 Jeremy was awarded a CBE in the Queen's Birthday Honours List for Services to Politics and Charities.

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Paul Woolston (left) and Jeremy Middleton (centre) with Paul Ruddick, MD of D-Line, one of the North East companies in which Middleton Enterprises has invested.
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