Investment firm Maven Capital Partners has secured a new contract to continue managing the £20m Finance Durham Fund for Business Durham.
It marks a continuation for the fund manager, which was originally appointed by Business Durham, Durham County Council's business support organisation, in 2017. Maven says it has already Maven invested more than £12.5m and raised an additional £65 million in private sector leverage.
Investees include County Durham's Roman Shower which secured £1.5m funding from Maven to purchase new machinery and materials to meet its growing customer demand and Dyer Engineering, which expanded its market reach and created new jobs on the back of support. The Fund has also backed solar innovator Power Roll's growth the forthcoming expansion of chip manufacturer Pragmatic Semiconductor.
