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Finance and investment in County Durham from Business Durham

Finance and investment in County Durham

At Business Durham, we’re here to show you the best funding opportunities for your company.

Navigating the landscape of business funding can often feel like traversing a complex minefield, with various options and considerations to navigate. However, here at Business Durham, we strive to simplify this process for you.

 

Our dedicated team is committed to assisting you in identifying and accessing the most suitable funding opportunities tailored to the specific needs and aspirations of your company.

 

With our expertise and resources at your disposal, you can rest assured that you'll be guided towards the best possible financial support to fuel the growth and success of your business.

Durham Business Growth

The Durham Business Growth and Productivity Programme is a comprehensive initiative designed to elevate productivity and foster growth within businesses located in County Durham.

This strategic undertaking is dedicated to not only creating a robust economic environment but also ensuring the creation of quality employment opportunities, all within the framework of an inclusive and sustainable green economy.

Operating from September 2023 to March 2025, this programme represents a pivotal period for businesses seeking to thrive and contribute to the regional economic landscape.

Durham Business Growth
Finance Durham

Finance Durham is a £20m investment fund from Durham County Council which will help businesses in County Durham grow creating thousands of jobs. It is managed by Business Durham and administered by Maven Capital Partners.

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

Finance Durham

Finance Advice and Support from Business Durham

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 and Finance for Business North East.

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.

Our finance network

Finnace support for businesses

Explore comprehensive finance guidance tailored specifically for businesses. Our services extend to expert advice on R&D Tax Credits, alongside other valuable tax reliefs and sound accountancy practices. Whether you're seeking insights into innovation grants, exploring debt or equity financing options, or considering asset-backed finance solutions, we've got you covered. Connect with us today to unlock the financial strategies that best suit your business needs and aspirations.

Finance advice for business

Meet the team

If you have any questions for our expert team, get in touch with us today and we’ll be happy to help.

Andrea McGuigan

Andrea McGuigan

Team Manager - Business Engagement & Account Management

Chris Perry

Chris Perry

Business Engagement Officer

Guy Bashford

Guy Bashford

Business Engagement And Account Manager

Jo Martin

Jo Martin

Business Engagement Officer

Lisa Mullen

Lisa Mullen

Business Engagement & Account Manager

Lisa Wall

Lisa Wall

Business Engagement & Account Manager

Michelle Mann

Michelle Mann

Business Engagement Officer

Stuart Armstrong

Stuart Armstrong

Business Engagement Officer

Some of  the businesses we've helped

Marmax Products

We have been delighted with the support that Business Durham and their partners have provided our company and with additional funding, we hope to further develop our working practices to safeguard our existing business and expand our capabilities to meet new customer demands and expectations.

Dave Johnson
Managing Director
Redditch Medical

NETPark is a fantastic place to do business in terms of facilities, potential for growth and for collaboration.

Steve Brown
Managing Director
Tekgem

The facilities and ancillary business services here are second to none and the campus feel of the science park suits the culture within the company.

Ian Gemski
Director
SEEDS

The ecosystem in NETPark is just right for us; SEEDS first came here because of its partnership work with the CPI and now our vision is to have a busy lab facility developing various applications and licensing them out to companies.

Peter Chalder-Wood
Head of Strategic Partnerships
Magnitude Biosciences

We expect to more than double the team in Sedgefield to 45 over the next two to three years, with a larger commercial team allowing us to expand our global footprint.

Dr Fozia Saleem
CEO
Wootzano

At a time when the fruit packing labour market is very challenging across Europe and North America, compounded by Brexit, Covid, and the movement of people, Wootzano’s robots are providing a niche solution using game-changing, world-class technology that has been developed here on NETPark.

Jesse Opoku
Chief Operating Officer
Teescraft Engineering

Teescraft Engineering has been a major employer in County Durham for a number of years and I’m delighted that, with grant support through the County Durham Growth Fund, the company is embarking on ambitious plans to significantly expand.

Hazel Sykes
Business Durham
ATT Fabrications

We knew we had the space to add new machines which would not only improve productivity and efficiency but also allow us to add new products and processes, the County Durham Growth Fund helped this happen.

Andrew Devlin
ATT Fabrications
AAA Caring Caretaker

The Caring Caretaker is a company that’s grown from one to a team of 41 and is now, with grant support from the County Durham Growth Fund, in the process of taking its business journey to the next stage, moving to much larger premises and creating a further 10 jobs, cementing its long-term future here in County Durham.

Sarah Slaven
Managing Director, Business Durham
Renovo Solutions

We’ve been incredibly lucky to have secured financial investment from Business Durham which really has been crucial to the growth of the business and fast-tracked our plans in such a short space of time.

Antony Gray
Founder
Ashgarth Engineering

The grant we’ve received from the County Durham Growth Fund has been invaluable to us as without it we probably would have only been able to purchase one machine.

Niall Ash
Director
TO Mounter

We were looking at investing in new machinery which would enable us to expand our client base, and our accountant mentioned the County Durham Growth Fund to us.

Lisa Mounter
General Manager
Creator

Investing in this additional space means we now own our future – we’re not in anyone else’s hands and that’s a fantastic position to be in.

Ryan Carter
Founder
E Catering

We took on more space than we needed to, allowing for our planned growth over the next five years, however with the grant support we’ve had from the County Durham Growth Fund, we are now looking at achieving our projections in the next three years.

Reece Ingham
Head of Finance
Tridonic