The funds made available by the Midlands Engine Investment Fund, supported by the European Regional Development Fund, are very keen to work alongside the banking, corporate finance and business adviser community to help you, help your clients.
If your clients have a funding gap, The Midlands Engine Investment Fund may be able to help them start up, scale up or stay ahead by providing commercial finance through the Small Business Loans, Debt Finance, Proof of Concept and Equity Finance funds which it supports.
Making Deals Happen
The funds supported by the Midlands Engine Investment Fund will work with other lenders and investors to create financial packages to make deals happen. The Midlands Engine Investment Fund is able to finance businesses in most manufacturing and service sectors which are based in or relocating to Midlands – West Midlands and East and South East Midlands. See all Funds Available here.
The focus is on small to medium sized businesses. An SME is a business employing fewer than 250 employees, with an annual turnover of less than 50m Euros (=£45m) or balance sheet net assets of less than 43m Euros. The business cannot be part of a larger group employing more than 249 employees and where the group owns at least a 25% share of the business. To be eligible for funding from the fund that MEIF supports, an SME must have a material part of its operations, staffing or trading based in the MEIF area (or plan to establish such a presence within 2 years.)
The aim is to nurture regional entrepreneurship by providing investment and support for SMEs between 2017 and 2022.
The Midlands Engine Investment Fund and its partners will be working closely with the Growth Hubs who provide local business support