Maven Invests £10 Million in North East Businesses
- On March 6, 2019
- By GrowthInvest Admin
Since opening offices in Newcastle and Durham in May 2017, Maven Capital Partners has invested a total of £10 million in dynamic, high growth businesses in the North East region, driving economic prosperity and safeguarding over 400 jobs.
This significant level of investment has mainly been achieved through Maven’s management of regional funds in the North East, the £20m Finance Durham Fund established by Durham County Council and the £27 million North East Development Capital Fund, supported by the European Regional Development Fund. To date, Maven has identified and completed investments to support the growth strategies of 14 dynamic local businesses, including the largest independent engineering business in County Durham, Dyer Engineering, shipping container operator and leading self-storage provider, Parsons Containers and reverse-auction marketplace for insurance products, honcho.
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