WORK has begun on a £1.4m project which will provide contemporary work space for technology and science-focussed businesses. Orbit, run by Durham University, will be based within one of the university’s research institutes at the North East Technology Park (NETPark), a science park in Sedgefield. Orbit will give members access to office, hot-desking, networking, and collaboration space while receiving targeted business guidance, support, and regular sessions delivered by the University’s researchers on a range of subjects. Jenny Taylor, head of economic development at Durham University, said: “We are so pleased that work has begun on fully repurposing and refurbishing part of our research institute at NETPark.
Work begins on £1.4m Durham University office workspace
Orbit will be based within one of the Universityâs research institutes at the North East Technology Park
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Sarah Slaven and Councillor Kark Marshall THE Finance Durham Fund has invested over £1 million in five businesses to grow in or move to County Durham over the last twelve months. Established by Durham County Council in 2017, Finance Durham is a £20m investment fund overseen by Business Durham and managed by Maven Capital Partners, to help businesses to accelerate growth in the county. The fund provides debt and equity funding to support businesses of all sizes from a variety of sectors, and is aimed at companies looking to scale up, create jobs and add economic prosperity in County Durham. Funding ranges between £150,000 to £2 million and can be tailored to meet the needs of businesses at most stages of the business growth cycle.