Finance Durham Fund

Debt and equity finance for businesses based in or looking to relocate to County Durham.

Apply now

FD for light backgrounds
BD_Logo_RGB_Blue+Green
Durham County Council Logo-1

Take the next step in your growth journey

Wallet icon in colour v2
Funding from £150,000 to £2 million

Flexible debt and equity solutions for companies of all sizes and sector agnostic.

placeholder
For County Durham businesses

The funding is available to businesses who are based in, or looking to relocate to, County Durham.

graph
Flexible funding for growing businesses

Funding packages can be tailored to individual business needs and growth strategy.

checked
Available for businesses looking to relocate to the region

Funds can be used to support dynamic businesses looking to relocate to County Durham.

About the Fund

The Finance Durham Fund is part of Business Durham’s strategy to deliver economic growth across County Durham by supporting local ambitious and entrepreneurial businesses who need access to the funding they require to grow.

The Fund provides flexible equity, debt or mezzanine funding packages from £150,000 to £2 million for early stage and established businesses, investing across all sectors. It is available to companies which are based in, or relocating to, County Durham at the time the investment or loan is made.

Helping you grow your business

The Finance Durham Fund is designed for businesses that need funding to grow, and can support a wide range of business finance needs including:

White Machinery icon

Purchasing new machinery

White wallet icon

Capital Expenditure

Globe icon

Export Finance

White new product target icon

Investing in new products

Team icon in white

Hiring a new team

Icon for working capital

Providing working capital

Businesses we've supported in County Durham

View all

Fund postcode eligibility checker

Find out whether your business is eligible to apply to the Finance Durham Fund by submitting your postcode to check your company is based within the region the Fund can support:

Latest news & insights

News

Castle View Group receives investment from the FDF and NEDCF

Read more

News

Castle View Group receives investment from the FDF and NEDCF

Read more

Picture of some of Maven's Investment team with the owners of Castle View Group outside their office

News

Maven leads investment in e-commerce service provider The Storage Place

Read more

Maven's investment team pictured with the management of The Storage Place

News

Maven celebrates record year in the North East

Read more

Maven's Newcastle team

Insights

Webinar | Growing a FinTech Business in County Durham

Read more

person using phone and laptop to look at stock exchange

News

Finance Durham exits threat intelligence platform Intelligence Fusion

Read more

Image of Michael McCabe, CEO of Intelligence Fusion

Our local team

Our investment and portfolio executives come from a variety of commercial, financial and industry backgrounds with collective experience and skills, built up over many years, of supporting fast-growing businesses throughout the UK. Our team is here to ensure that you are one step closer to fulfilling your business's growth potential.

Bill Nixon
Bill Nixon

Managing Partner

David Nixon
David Nixon

Senior Investment Manager

Ewan MacKinnon
Ewan MacKinnon

Partner

Michael Dickens
Michael Dickens

Investment Manager

Michael Vassallo
Michael Vassallo

Investment Director

No matches

Apply today

Complete our simple two step application form here

Apply now

Frequently asked questions

What is the Finance Durham Fund?
arrow

Managed by Maven, The Finance Durham Fund is overseen by Business Durham, the economic development company for County Durham, to support high-growth businesses in the region grow. The fund can support a wide range of business finance needs including purchasing new machinery, capital expenditure, export finance, investing in new products, hiring a new team, and providing working capital. 

Who can apply for funding?
arrow

Businesses that are based or plan to be based in County Durham and have high growth potential.

What types of funding are available?
arrow

Funding options include equity investments, loans, and mezzanine finance.

What is the minimum and maximum amount of funding available?
arrow

The Fund can provide funding ranging from £150,000 to £2 million.

What is the process for applying for funding?
arrow

The application process involves submitting an online application form and providing details of your business plan and financial projections. Maven’s investment team will review your application and arrange a meeting to discuss your proposal further.

How long does the application process take?
arrow

The application process typically takes around 6-10 weeks from the initial application to receiving funding.

What is the repayment period for loans and finance provided by the Finance Durham Fund?
arrow

The repayment period will vary depending on the funding type and the specific terms of the agreement. The Maven team will discuss repayment terms with you during the application process.

Can businesses apply for funding for any purpose?
arrow

The Fund provides growth finance for a range of purposes including expansion, product development, marketing and working capital.

What are the eligibility criteria for funding?
arrow

Businesses must be based or relocate a material part of their operations in County Durham and have high growth potential. They must also demonstrate a viable business plan and be able to demonstrate how the funding will help them achieve their growth ambitions.

Who can I contact for further information?
arrow

You can contact the Finance Durham Fund team directly through their website or by emailing info@financedurham.co.uk for further information.

Subscribe for email updates

close