Maven Capital Partners, a UK-based private equity firm, has launched the £20m Finance Durham Fund.
Led by Simon Goon, Managing Director at Business Durham, Michael Vassallo, North East Investment Director at Maven, and a newly recruited local team (Michael Dickens, Investment Manager, Emma Neal, Marketing Associate, and Ben Jones, Investment Associate), the fund aims to provide up to £700k in funding to businesses based in, or looking to relocate to, County Durham to allow them to contribute to economic development, job creation and innovation within the county.
The fund is now open for business in the North East after moving into Salvus House at Aykley Heads, the new £3.4m office building run by Business Durham. Eligible businesses can apply for funding online through the website: www.financedurham.co.uk
Maven will also launch a series of venture investment clinics run by the investment team led by Vassallo to provide advice sessions for Durham-based businesses seeking knowledge or support for growth.
FinSMEs
25/07/2017