17th March 2021
First Enterprise – Enterprise Loans are delighted to announce they have delivered £6.7 million of Midlands Engine Investment Fund (MEIF) small business loans to SMEs in the East Midlands and South East Midlands.
The responsible finance provider has supported a total of 89 SMEs and created and safeguarded 203 jobs in the region since the start of the MEIF loan fund in 2017.
£2.7 million of this milestone has been provided since April – delivering a much-needed lifeline to many business owners who are finding business finance especially hard to access from high street lenders because of the coronavirus pandemic.
Some of the businesses First Enterprise – Enterprise Loans have helped with MEIF loans since the start of the pandemic include:
First Enterprise – Enterprise Loans General Manager, Adrian Twelvetrees, said:
“We are delighted to have been able to support SMEs during this incredibly difficult time for business owners.
“The MEIF fund helps SMEs fulfil a wide range of business objectives and can be used for a wide range of purposes including filling gaps in growth capital, funding expansion projects, renting commercial premises and asset acquisitions. Without it, many businesses would have struggled to meet their objectives this last year.”
As the MEIF Fund Manager for the East Midlands and South East Midlands, First Enterprise – Enterprise Loans offer small business loans ranging from £3000 to £150,000 under the scheme, which they can top up to £250,000 using other funds.
First Enterprise – Enterprise Loans supports the MEIF’s aims to transform the financial landscape for smaller businesses in the Midlands to help the region achieve economic growth through enterprise.
They are also one of the accredited delivery partners of the Coronavirus Business Interruption Loan Scheme (CBILS) which supports businesses affected by the pandemic and is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy (BEIS).
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
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