Creative UK has invested £750,000 in Newcastle-based eCommerce and digital marketing agency Venture Stream.

Venture Stream’s investment is drawn from both Creative UK’s landmark Creative Growth Finance fund and the North of Tyne Culture and Creative Investment Programme, delivered in partnership with the North of Tyne Combined Authority.

Venture Stream was founded in 2014 by Vic Morgan and today manages over 60 accounts from a wide range of sectors.

The company has grown its workforce to 27 and Creative UK’s investment will enable Venture Stream to accelerate the growth of its consulting business and launch an online marketplace to help top freelancers find work.

Vic Morgan said: “It’s great to have Creative UK on board as a strategic investor, supporting Venture Stream’s award-winning ecommerce and digital marketing business.

“With their support, we’re now able to expand our commitment to people-first strategies, including our four-day work week initiative and creating work for ecommerce and digital marketing freelancers globally 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 backers of talent and innovation in the creative and digital economy.”  

Caroline Norbury MBE, Chief Executive of Creative UK, said: “Venture Stream is a fantastic example of the type of creative business we want to invest in – one with not only a strong growth story and market performance, but also a clear commitment to their ESG responsibilities.

“We are particularly delighted that part of Creative UK’s investment is drawn from the North of Tyne Culture and Creative Investment Programme, with the growth and success of Venture Stream primed to generate high-quality employment opportunities within the North of Tyne region’s creative economy.”