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.
Finance Durham is intended to support eligible businesses of all sizes and all stages of growth with investments ranging from £200,000 up to £700,000.
Finance Durham is only available for businesses located in, or planning to relocate to, County Durham at the time of investment.
10% of the Fund is available for smaller investments up to £40,000 to support innovation.