Finance Durham is a £20m investment fund from Durham County Council which will help businesses in County Durham grow creating thousands of jobs.
It is managed by Business Durham and administered by Maven Capital Partners.
The fund will make financial investments in local businesses based in the county supporting up to 70 companies in its first ten years.
Funding will range between £150,000 to £800,000, with ten per cent of the fund being smaller investments, between £10,000 and £40,000 for incubation businesses.
Businesses must be based in County Durham or be relocating to the region when the investment is made.