Finance Durham Fund
Debt and equity finance for businesses based in or looking to relocate to County Durham.
Take the next step in your growth journey
Funding from £150,000 to £2 million
Flexible debt and equity solutions for companies of all sizes and sector agnostic.
For County Durham businesses
The funding is available to businesses who are based in, or looking to relocate to, County Durham.
Flexible funding for growing businesses
Funding packages can be tailored to individual business needs and growth strategy.
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:
Purchasing new machinery
Capital Expenditure
Export Finance
Investing in new products
Hiring a new team
Providing working capital
Businesses we've supported in County Durham
£500,000
Transaction size
We’re delighted to support Furniture Clinic in manufacturing a substantial product range for a number of markets. Ben has built an impressive business and it’s great to provide funding at this time as it looks to invest further in expansion as well as create new jobs in the area.
Michael Dickens, Investment Manager at Maven
£500,000
Transaction size
The business has enjoyed strong growth and is well placed to scale its technology as well as increase its staff. David and the team have built an impressive business and it’s great to provide a finance package that supports the company’s ambitious expansion plans.
David Nixon, Senior Investment Manager at Maven.
£1.5 million
Transaction size
We are delighted to support such a high-profile manufacturing business in the North East and this is a great example of our regional funds working together to provide a long-term financial solution to enable a local business to grow.
David Nixon, Senior Investment Manager at Maven
£2.75 million
Transaction size
This investment is a rubber stamp of our plan and will allow us to turbo charge the business’ progression over the next few years towards our goals.
Graeme Parkins, Managing Director of Dyer Engineering
£250,000
Transaction size
The success of our funding round and the quality of our investors reflects the global commercial potential for our technology. Our investors are excited about the new markets we can exploit and disrupt.
Neil Spann, Managing Director at Power Roll
£1.1m
Transaction size
As a result of Maven’s investment, we will be able to evolve the GrowthFunders platform and add P2P lending to our model, which will enable investors to access an additional number of asset classes and build a diversified and balanced portfolio.
Norman Peterson, CEO at GCV
£150,000
Transaction size
I am deeply thankful for their support and delighted to have them on board as partners as the business continues to move forward.
Michael McCabe, Founder of Intelligence Fusion
£4.35 million
Transaction size
We’re thankful for the great funding partners we have in Maven and look forward to working together with them to make a noise from the North East that’s heard around the globe.
Sukh Ryatt, CEO at Oak Engage
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:
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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.
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Frequently asked questions
What is the Finance Durham Fund?
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?
Businesses that are based or plan to be based in County Durham and have high growth potential.
What types of funding are available?
Funding options include equity investments, loans, and mezzanine finance.
What is the minimum and maximum amount of funding available?
The Fund can provide funding ranging from £150,000 to £2 million.
What is the process for applying for funding?
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?
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?
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?
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?
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?
You can contact the Finance Durham Fund team directly through their website or by emailing info@financedurham.co.uk for further information.
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