Power of 10: Our impact in the North East

Nova Pangea

North East

British Business Investments Regional Angels Programme and Northern Powerhouse Investment Fund I

Nova Pangaea’s technology converts wood and crop residues into sustainable biocarbons, biopolymers, biochemicals and advanced biofuels, offering new sources of income for agricultural enterprises. It has the potential to reduce reliance on fossil fuels without taking up land suitable for producing food.

Two men in high-vis and safety hats/goggles

In 2022 funding from British Business Investments’ Regional Angels Programme and their partner Par Equity, and others, gave Nova Pangaea the working capital it needed to establish new commercial partnerships while advancing its technology.

Download The Power of 10:10 Year Impact Report

The Power of 10:10 Year Impact Report sets out how the British Business Bank has supported more than 200,000 businesses to prosper and grow over the last decade.

Download report (.PDF, 2.81 MB) Power of 10 impact report (opens in new window)

8,000

businesses supported

75,000

jobs supported

£3bn

additional turnover expected to be created

£1bn

additional GVA expected to be created

7,000

new jobs expected to be created