Jeremy Middleton CBE

Commenting on today’s GDP estimates for April to June 2017 North East entrepreneur and investor Jeremy Middleton said: “While these figures show that the economy is holding up well, given the state of national and global politics, they also reinforce the need for the North East to take control of its own economic destiny.

“Reliance on handouts from the Government, paid for by other regions with more businesses and jobs, might work for our politicians who can levy taxes and spend what they like, but long term prosperity means standing on our own two feet. The UK’s GDP growth would undoubtedly be stronger if the North East and other regions were able to take control of business support, investment and skills, along with logistical constraints like Air Passenger Duty.”

ENDS

ISSUED ON BEHALF OF JEREMY MIDDLETON

CONTACT: Chris Rowell 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.

He was a Board Member of the North East Local Enterprise Partnership (LEP) from 2011 to 2016 and was Chairman of the North East LEP Investment 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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