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6th August 2019

£2million delivered to 60 businesses by loan fund

A loan fund set up to support West Midlands businesses has reached a new milestone.

The MEIF Small Business Loan Fund, which is delivered by BCRS Business Loans, has now invested and loaned £2million to over 60 West Midlands businesses that have been unable to access finance from traditional lenders.

The fund is part of the Midlands Engine Investment Fund (MEIF), which was set up to transform the finance landscape for small and medium-sized businesses. The MEIF is delivered by six appointed fund managers, including BCRS Business Loans.

BCRS Business Loans provide loans from £10,000 to £150,000 to viable West Midlands based businesses that are looking to grow.

Commenting on this milestone, the chief executive of BCRS Business Loans, Paul Kalinauckas, said:

“We are incredibly proud to be a delivery partner for MEIF, which is an important initiative for small and medium sized businesses that are looking to grow and prosper.

“Delivering over £2million from our MEIF fund is an excellent achievement and is crucial to the prosperity of our region by boosting economic activity and providing jobs for local people

“As the region’s biggest Responsible Finance Provider, we believe that no viable business should go unsupported and ensure that a fast, relationship-based approach to lending is at the heart of our loan process.”.

Ryan Cartwright, Senior Manager at the British Business Bank, said:

“Following the recent announcement that the MEIF has now reached the £50million investment milestone, this additional achievement by BCRS Business Loans is testament to the hard work of our fund manager.

“BCRS has now supported over 60 businesses, unlocking finance to help them expand and supporting the growth of the local economy. The funding provided so far has supported international expansion projects, the purchase of new equipment and creating jobs.”

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Follow @midsenginv


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

Find Out More

If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area

Small Business Loans

£25k – £150k

Learn More
debt finance

Debt Finance

£100k – £1.5m

Learn More
equity finance

Equity Finance

£50k – £2m

Learn More

Proof of Concept

Up to £750,000

Learn More

Follow @midsenginv


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

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