Launched in April 2019, the County Durham Growth Fund is an £8.9m capital grant scheme for small and medium sized businesses in County Durham designed to accelerate their growth and lead to the creation of additional employment.
Overseen by Business Durham, the fund is delivered in partnership with UMi, and their dedicated team of advisors who are ready to help with initial eligibility checks and funding applications. The fund has been secured from the England European Regional Development Fund and (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020.
The fund has already supported several established businesses which successfully secured a grant to purchase new equipment, increase their capacity, improve efficiency, expand into new markets and create new jobs in the county.
If your business is planning a capital investment at least £100,000 to expand or establish new operations in County Durham, this fund may be able to help. New businesses (registered within the 12 months prior to application) may also be eligible to apply.
Contact UMi and check your business and project eligibility:
T: 0191 716 1006