The Wood Foundation’s biggest single investment is in Opportunity North-east (ONE), the UK’s only private sector-led economic development body. Over a period of 10 years, The Wood Foundation will invest up to £63m in its work to diversify the economy of the North-east from the dependency on traditional oil and gas.
ONE addresses the development of life sciences; food, drink, and agriculture, digital and entrepreneurship; and tourism. Notable successes have been the commitment to establishing a BioHub, ONE has also been responsible for establishing the Energy Transition Zone and Oil and Gas Technology Centre.
Sir Ian Wood is ONE’s Chairman.