The Finance Durham Fund, managed by Maven Capital Partners (Maven), established by Durham County Council and overseen by Business Durham, has supported local business, Conduit Construction Network Ltd (CCN), with a £600,000 funding package.
The investment has enabled the business to substantially scale-up its operations and relocate to a new 54,500 sq ft facility in Belmont Industrial Estate, creating 30 new jobs in County Durham.
CCN manufactures high-quality door sets and screens for the commercial, education and healthcare sectors.
The Durham move adds significant capacity and brings operational benefits with a plan to increase production and sales significantly. Alongside relocation, the funding package from Finance Durham will be used to fit out the new factory on the Belmont Industrial Estate and purchase new machinery. The investment will also enable the business to expand its already developed product range and increase the speed and efficiency of manufacture resulting in shortened lead times, whilst improving quality and further enhancing product scope. Longer term CCN is also planning to set up an in-house manufacturing Training Centre to develop its existing and future workforce in a live environment.
