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The County Durham Growth Fund awarded £1.98 million in grants to 17 companies from across the county last year, which will create 278 new jobs.

2021 proved to be a successful year in terms of demand for the £8.9 million capital grant scheme, which provides financial support to small and medium enterprises (SMEs) in County Durham to help accelerate their growth. The fund is managed by Business Durham, the business support service of Durham County Council in partnership with UMi.

As well as the £1.98 million grants awarded to SMEs and businesses, the Fund leveraged a further £3.1million in private sector investment.

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