A council-funded project that has created 200 new jobs and helped generate £30m for the local economy is to move into a new five-year programme.
The £20m Finance Durham Fund was set up in 2016 with the aim of helping local companies to grow as well as encouraging firms to set up in County Durham. Five years in, the fund has invested just over £10m into 20 companies, creating 224 new jobs and safeguarding 790 existing posts.
A report to Durham County Council next week will reveal that an agreement with investment firm Maven Capital Partners has been extended to keep the scheme going for another five years.
