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Inward Investment In County Durham

Opening up links to the thriving UK and European economy.
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Durham's Atom Bank raises £149m to support further growth

Durham's Atom Bank raises £149m to support further growth

Durham-based Atom bank has raised a further £149m of investment to support its growth.

Spanish banking group BBVA has invested £85.4m - taking its stake in Atom to 39% - while London asset managements group Toscafund has increased its stake with an investment of £54.4m. A number of Atom’s existing backers have also put in new investment.

The investment round means that Atom has brought in almost £400m of equity capital as it builds what is hoped to be the UK’s leading digital-only bank from the North East .

Atom said the new investment would help it continue to grow and allow it to expand its technology and business capabilities.

Specifications

  • A single point of contact so that you have a person who understands your needs
  • Mapping of needs and appropriate Action Plan so that you can be sure that your needs are understood and supported: Legal and regulatory, Finance and Accounting, Funding, Marketing, Innovation and R&D, Export, Local supply chain, Workforce profile, Other specialist need
  • Research, intelligence and statistics so that you make the best case possible for project approval
  • Tour of the area so that you see and understand the economic and social infrastructure
  • Help to find residential accommodation for your key, relocating staff to reduce the uncertainty of them and their family.
  • Introductions to companies, networks and influencers so that you quickly become part of the local business environment.
  • Free virtual office address and use of meeting rooms for three months at one of our Durham County Council Business Centres during the set up and transition to permanent accommodation.

Contact Us Today

  • Peter Rippingale

    Peter Rippingale

    Team Manager Inward Investment & Opportunities
    Call 03000 265509

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