Finance Durham

Finance Durham

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.

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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.

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Finance Durham is only available for businesses located in, or planning to relocate to, County Durham at the time of investment.

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10% of the Fund is available for smaller investments up to £40,000 to support innovation.

The Maven Team

Michael Vassallo

As one of the UK’s most active private equity fund managers, and with many years’ experience of investing in and supporting SMEs across the North of England, the team at Maven is delighted to be working with Durham County Council to deliver the objectives of Finance Durham. The North East has historically been a key driver of UK economic growth and a hotbed for innovative smaller businesses, and there remains a clear need for this type of funding to help high-growth SMEs fulfil their potential. Our investment team is very much looking forward to working in partnership alongside the region’s SMEs.

Michael Vassallo

Investment Director for Finance Durham