Development Capital Fund

Funding for ambitious established businesses with capable management teams looking to exploit market opportunities.

Criteria

  • For Established, Revenue-Generating Businesses
  • Raising £400k+ Debt or Equity to Fund Growth
  • Fund New Hires, Machinery, Marketing, Premises

Don't fit within the criteria?

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The North East Development Capital Fund provides up to £2m of financing on terms which are tailored to help enable the ambitious growth plans of established businesses with strong management teams.

The Development Capital Fund is managed by Maven Capital Partners, which is one of the UK’s most active SME investors and has North East offices in Durham and Newcastle. The fund typically provides between £400k and £2m to enable companies to pursue growth plans by e.g. purchasing new machinery, investing in new products, expanding sales teams or entering new markets.

Most of the fund’s investments are loan-based, meaning it is most suited to companies which have been trading for some time and are generating sufficient revenues to enable them to service and repay a loan. However, the fund is flexible and terms can be tailored to suit the opportunity – which may mean taking second-ranking security behind your bank, allowing postponed capital repayments or offering a mix of loan and equity funding.

The Development Capital Fund can also invest in rapidly growing companies which are looking to scale-up to achieve growth. It has backed exciting local businesses including product sampling platform So Post and has also supported companies based elsewhere in the UK looking to take advantage of the North East’s tech talent pool and competitive cost base to expand from premises in the region, including financial inclusion fintech company Pockit and hyper-personalised ecommerce conversion specialists RevLifter.

A £450k Development Capital Fund loan in 2019 helped Gateshead based thermoformed packaging manufacturer iPac to acquire new machinery, enabling it to treble its turnover. A further £1.1m investment in 2022, alongside Maven’s VCT funds, will see the company add further production lines and increase staff by 80%.

The investment process

01.

Share your business plan with Maven, detailing your company’s management team, its product and market, future plans, current and forecast financial information and funding required.

02.

Maven will meet with you to find out more about your business and plans and to reach agreement in principle with you on the terms for investment.

03.

Maven will undertake due diligence on your company and the information you provide to verify it and confirm that investment is appropriate. Investment funds are provided following signature of legal agreements.

North East Development Capital Fund

Interested in applying?

Check your company’s eligibility and suitability by phone or email with North East Fund or Maven Capital Partners. Discuss your product, future plans and funding requirements to check whether you should prepare and submit an application for investment.

E: northeast-enquiries@mavencp.com
T: 01917318590
www.mavencp.com

 

Enquire

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Address

5th floor
West One
Forth Banks
Newcastle upon Tyne
NE1 3PA

Contact details

E: info@northeastfund.org

T: 0191 211 2300

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