North East businesses receive £10m investment and over 400 jobs saved through Maven

Maven Capital Partners has invested £10m into some of the region’s high growth businesses and has safeguarded over 400 jobs.

Maven, said to be one of the UK’s most active private equity houses, has invested the money since opening its Newcastle and Durham offices in May 2017.

This 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 £27m North East Development Capital Fund, supported by the European Regional Development Fund.

In addition to the investments made on behalf of the regional funds, Maven has supported intranet software, Oak; app designer, hedgehog lab; and disruptive platform for sale and installation of boilers, Boiler Plan.

Michael Vassallo, investment director at Maven, said: “We are delighted Maven has reached such a significant milestone and that we have been able to support so many jobs across the region.

“Since opening office in the region less than two years ago, Maven’s positive impact on businesses in the North of England is already evident, fuelling the growth of ambitious SMEs across a wide range of industries.

“Our local investment team works closely with the businesses we support and reaching this key milestone demonstrates the need for this type of finance. We look forward to working with more companies to help them achieve their growth plans.”

 

SOURCE: BDAILY

 

Leave a
comment

Read more posts

GOVERNMENT AND BUSINESS PAIN POINTS…

13.05.2024

Independent tech consultancy Opencast has unveiled its events programme for next month’s TechNExt festival – with a focus on the pain points facing government and private sector organisations alike, as…

Read more

OPENCAST NAMED FASTEST-GROWING LARGE TECH…

28.04.2024

Independent tech consultancy Opencast was last night named ‘Fastest Growing Large Tech Business’ at the prestigious 2024 Northern Tech Awards. Chief Financial Officer James Hodgson and Chief Executive Tom Lawson (pictured above) picked up…

Read more

CGI Young Dreamers Programme 2024…

02.04.2024

CGI Young Dreamers Programme 2024 kicks off in Newcastle to encourage STEM careers for students   CGI, one of the largest IT and business consulting services firms in the world,…

Read more

New post: Northumbria students launch green awareness campaign for Metro operator dynamonortheast.co.uk/northum…

Join our
mailing list