Accessing the right funding for your business can be a bit of a minefield. At Business Durham, we’re here to show you the best funding opportunities for your company.
Finance Durham is a £20m investment fund from Durham County Council and managed by Business Durham and administered by Maven Capital Partners which will help businesses in County Durham grow creating thousands of jobs.
The fund will make financial investments in local businesses based in the county supporting up to 70 companies in the county in its first ten years with investments ranging from £10,000 to hundreds of thousands of pounds.
Funding will range between £200,000 to £700,000, with ten per cent of the fund being smaller investments, between £10,000 and £40,000, for incubation businesses.
Businesses need to be based in County Durham or be relocating to the region when the investment is made.
We have strong links with banks and financial intermediaries, and we’ve supported several companies to access venture capital and government grants, such as NBSL, Finance for Business North East, and rural funds such as Rural Business Growth Fund, Strategic Economic Infrasture Fund and the Leader Programme.
The North East Growth Hub has a searchable database with over 70 funds.
Innovate UK and Horizon 2020 are specific funding sources for innovation and R&D.
There are often initiatives to support specific sectors, such as automotive, offshore, space, nuclear, and the process industry.
Business Durham can help you find the right scheme, contact us now.