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
A FAMILY run pallet manufacturing firm has hailed the importance of a grant support fund for helping it bounce back after the coronavirus pandemic.
TO Mounter, based in Willington, can trace its roots back to the 1970s, when it was founded by Thompson Oliver Mounter from the back of the Brown Trout pub.
Once established, the business relocated to its current premises, moving into an old mining office with two buildings for production.
Passed down through the generations, the business is now owned and directed by sons Alan, John, Stan and Harry, alongside the help of their sons and daughter; Kevin, John Jnr, Lisa, Keith and Paul.
In total 34 people are employed by the business, 11 of whom are from the Mounter family.
General Manager Lisa said: “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.
“As a business we’ve never really applied for loans or funding but after the challenges that Covid presented, when we had to furlough staff, we thought it was worth looking into.
“We applied and were successful, with the grant contributing towards our investment into a new Stenner three head MHS9 feather edge timber machine.”
TO Mounter supplies timber pallets to companies within the manufacturing sectors and occasionally, to members of the public looking to do DIY work at home.
Craig (one of the fourth generation of Mounter’s to work in the business) added: “The investment in the new machine has been invaluable to our business – it kept our staff in work following the coronavirus pandemic.
“It is now enabling us to break into new markets as both a fencing supplier and pallet supplier. The MHS9 enables us to produce four pieces of feather edge timber per pass.”
The County Durham Growth Fund is managed by Business Durham in partnership with UMi and is supported by the European Regional Development Fund (ERDF). All successful grant applications are appraised by UNW LLP, an independent firm of chartered accountants and business advisers.
Sarah Slaven, Managing Director at Business Durham, said: “TO Mounter is a family business with its roots in County Durham dating back to the 1970s.
“Now employing 34 people, it’s excellent to hear that the grant support they’ve had from the County Durham Growth Fund has safeguarded jobs when, because of the pandemic, they might have had to lose staff.”
Simon Allen, Investment Centre Director at UMi, said: “Thanks to the grant secured, TO Mounter is now looking to a more positive future with the potential of breaking into new markets and continued growth.”
John Healey, Corporate Finance Partner at UNW LLP, said: “The County Durham Growth Fund was created to support businesses like TO Mounter, which are keen to invest in new machinery to cement their long-term future in the county.”
Some of the businesses we've helped
Finance Durham
The benefit of speaking to Maven about the Finance Durham fund is the flexibility of the fund on offer, which means we can invest from a small amount up to several millions via equity or debt.
Michael Vassallo
Maven Capital Partners
Power Roll
Maven helped us in terms of facilities by introductions into Business Durham, and also the funding opportunities here in County Durham, which really did help pull a package of measures together, which made the premises we're in today, Jade Business Park, that compelling proposition.
Neil Spann
CEO
TinkleGuard
For anyone looking to develop their business idea, DCI provides the resources and community to make that journey less daunting and more successful.
Angela Davidson
Founder
Empowerment Learning Ltd
The DCI programme has been fantastic. The personal support, mentoring, and different perspectives from the cohort have validated my belief that what I'm doing is correct and has a real impact.
Kelly Walton
Founder
Reign Accounting Ltd
The support and friendships I've developed through DCI have been invaluable. Learning from other start-ups and having a community to lean on has made a significant difference in my entrepreneurial journey
Nicole Collins
Founder
AImploy
The DCI program has been instrumental in our journey. The networking opportunities and support from DCI contributors have been invaluable in shaping AImploy into the company it is today.
Arjun Cheruvally
Co-founder
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
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.