The £20 million Finance Durham Fund, managed by Maven Capital Partners, has been set up by Business Durham, part of Durham County Council. The Fund can invest up to £700,000 to support the growth of businesses located in, or looking to relocate to the County, who are looking to develop new products, enter new markets and/or expand their current operations.
Ambitious and high-growth businesses are often unable to get the funding they need from a bank. Alternatively they may require a more flexible form of finance or seek commercial and professional expertise. If your business is in need of finance to help unlock its growth potential, the Finance Durham Fund may be able to help. Our funding can be used in a variety of scenarios and at all stages of the business growth cycle.
Maven's experienced investment and portfolio professionals understand the challenges faced by businesses looking for growth finance and can work closely with management teams to support their business growth. Our aim is to help each company achieve its potential.
The Finance Durham Fund is available to make investments ranging between £200,000 and £700,000.
10% of the Fund is available for smaller investments between £10,000 and £40,000, for incubation businesses.
The finance available can help with the following:
- Asset and stock finance
- Relocation expenses
- Working capital
- Expansion costs
- Recruitment or training of staff
- New products or services
- R&D and Innovation
- MBO’s and replacement capital
- Start-up costs