What is Durham Business Growth?

The Durham Business Growth and Productivity Programme is a comprehensive initiative designed to elevate productivity and foster growth within businesses located in County Durham. This strategic undertaking is dedicated to not only creating a robust economic environment but also ensuring the creation of quality employment opportunities, all within the framework of an inclusive and sustainable green economy. Operating from September 2023 to December 2026, this programme represents a pivotal period for businesses seeking to thrive and contribute to the regional economic landscape.

Funding and Support Mechanism

The Durham Business Growth and Productivity Programme is funded by the North East Combined Authority through its Integrated Settlement a crucial financial instrument that provides the necessary funding, support, and advisory services. This fund is instrumental in enabling businesses to access the resources and expertise required to realise their growth potential and enhance their productivity.

Key Interventions

The programme's interventions are strategically structured to address the diverse needs of businesses and promote sustainable growth. These key interventions encompass:

1. Business Engagement and Action Plans:

A vital first step involves active engagement with businesses to discern their specific needs. This initial phase lays the groundwork for creating actionable plans tailored to each business's unique circumstances.

2. Productivity Support:

The programme offers a range of interventions and specialised programmes designed to enhance productivity. These initiatives are geared towards optimising operations and maximising output, ensuring businesses operate at their highest potential.

3. Business Grants Programme:

Recognising the importance of financial support, the programme features a Business Grants Programme. This initiative provides businesses with the means to invest in growth projects and implement enhancements that directly contribute to heightened productivity.

Collaborative Delivery

The Durham Business Growth and Productivity Programme is a joint effort, delivered in partnership by Business Durham, UMi, and RTC North. This collaborative approach ensures businesses have access to a wealth of expertise, resources, and support to effectively execute their growth strategies.

The Durham Business Growth and Productivity Programme, funded by the North East Combined Authority through its Integrated Settlement represents a golden opportunity for businesses in County Durham. Through targeted interventions and grant opportunities, businesses can embark on a transformative journey towards heightened productivity and sustainable growth. This initiative exemplifies a commitment to empowering businesses, fostering a resilient economy, and creating a brighter future for the region.