Maven Capital Partners opens Durham office to manage £20m Finance Durham Fund

Maven Capital Partners opens Durham office to manage £20m Finance Durham Fund

Newly recruited team will provide flexible funding packages for local SMEs

One of the UK’s most active private equity houses and manager of the £20m Finance Durham Fund is Maven Capital Partners, who are now open for business in the North East after moving into Salvus House at Aykley Heads, the new £3.4m office building run by Business Durham. With a newly recruited local team in place,  providing flexible funding packages to suit their growth requirements, Maven is supporting Durham-based businesses.

Maven already has a strong presence across the North of England, and the new office will add to that by making it well-resourced to provide the necessary support to local companies, both in terms of the initial investment process and the ongoing support as those businesses grow.

Maven is able to identify and attract more local, dynamic businesses seeking the growth finance they need to thrive within the county. Eligible businesses can now enquire or apply for funding online through the website:

The Fund’s objective is to deliver greater levels of investment into ambitious businesses based in, or looking to relocate to, County Durham to allow them to contribute to economic development, job creation and innovation within the county.

Led by Michael Vassallo, Maven will also launch a series of venture investment clinics run by the highly experienced investment team to provide advice sessions for Durham-based businesses seeking knowledge or support for growth.

Situated amongst the thriving business community at Durham City Park, Aykley Heads is also home to the North East Chamber of Commerce, Durham Constabulary, Swinburne Maddison, The Vardy Group and a range of occupiers at the Rivergreen Centre.

Michael Vassallo, North East Investment Director at Maven, said: “We are delighted to move into this great facility in the heart of Durham City. This is a fantastic location where the team is already engaging with businesses across the county and working with Business Durham to raise awareness of the support and funding available.”

Simon Goon, Managing Director at Business Durham, added: “We are excited that local businesses can now apply for funding through the new Finance Durham website to access the capital needed to scale up. We welcome Maven to County Durham and to our Salvus House office, which further strengthens the economic vibrancy of the region. We look forward to working with them to support the growth of Durham-based businesses and, in turn, to help create jobs and add to the economic prosperity of the County.”

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