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 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.
A simple alternative to bank finance, the Finance Durham Fund is transforming the financial landscape for businesses across County Durham. Debt and equity funding is available between £150,000 – £2 million to support business growth.
The Fund is already producing greater levels of investment in businesses and increasing flexibility in the type of funding available to those businesses.
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. Their aim is to help each company achieve its potential.
What can funding help with?
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
The Finance Durham Fund can back companies of all sizes and across most sectors, which contribute to economic development and job creation within the County.
The Fund is only available to businesses who are based in, or looking to relocate to, County Durham.Find out more