LEPs, Stakeholders and Partners

Local Enterprise Partnerships

The £250m Midlands Engine Investment Fund is financed by the European Regional Development Fund, the British Business Bank, the European Investment Bank and the United Kingdom government and is a collaboration between the British Business Bank and ten Local Enterprise Partnerships.

Stakeholders

european union

European Regional Development Fund

The project is receiving up to £78,550,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. 

The Department for Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund.

Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations.

For more information visit www.gov.uk/european-growth-funding.

european investment bank

European Investment Bank

The European Investment Bank (EIB) is the EU Bank. Its shareholders are the 27 Member States of the Union, which have jointly subscribed its capital.  The EIB supports the EU's policy objectives in various ways, including stimulating investment by small and medium sized businesses.

www.eib.org

british business bank

British Business Bank

The British Business Bank is the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

The British Business Bank is currently supporting over 51,000 businesses, working through its 100 finance partners. Its programmes support over £3.2bn of finance to UK smaller businesses and participate in a further £4.6bn of finance to UK small mid-cap businesses.

British Business Financial Services Limited manages delivery of MEIF. British Business Financial Services Limited will monitor performance carefully to ensure that MEIF achieves its maximum economic impact and leaves a lasting legacy for the Midlands.

British Business Finance Limited provides a loan to be matched by funding from the European Investment Bank in order to unlock additional funding for MEIF.

Department for Business, Energy & Industrial Strategy

The Department for Business, Energy and Industrial Strategy brings together the responsibilities for business, industrial strategy, science, innovation, energy, and climate change. The Department is responsible for developing and delivering the Government’s vision for an ambitious industrial strategy, and continuing to ensure that the UK remains at the leading edge of science, research and innovation. The Department leads the Government’s relationship with business, and is responsible for improving corporate governance and securing better outcomes for consumers. We also make sure that the UK has secure energy supplies that are reliable, affordable and clean and take action to tackle climate change, working in partnership with the business community.

www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy

Learn more about the funding options MEIF provides below:

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


There are 10 Growth Hubs located across the #Midlands. As centres for business support, they can help firms access expert advice and finance. Find your nearest here: https://t.co/47oT5NP7xK https://t.co/7nMpdgbfK9 MidsEngInv photo

Northampton-based Overnet Data is creating five new jobs after receiving a £90k boost from #MEIF and @1st_Enterprise.

The firm will also use the funding to continue developing its IT services software.

Read more via @TBDEastMidlands: https://t.co/ae4Dv0sQY7 https://t.co/7pNkyIPOkG
MidsEngInv photo

The #MEIF aims to transform the finance landscape for smaller businesses in the #Midlands. The fund offers four different finance types including debt and equity investment.

Find out more information here: https://t.co/ClV3f3Y553 https://t.co/H6yHd27qYN
MidsEngInv photo

For the latest #MEIF deals and fund announcements please visit our news page here: https://t.co/eSal7Vh8cu https://t.co/jFh53DDTSs MidsEngInv photo

Green Life Buildings is increasing its manufacturing and distribution capacity after a £600k funding package from #MEIF and @Maven_Midlands.

The Corby-based construction technology firm is also creating seven new jobs.

Read more via @TBDEastMidlands: https://t.co/IhTVn0O5a2 https://t.co/10ZptIwpkH
MidsEngInv photo

Latest News

FUNDING BOOST CREATES FIVE NEW JOBS AT EDUCATION IT PROVIDER

A NORTHAMPTON-based provider of specialist education IT services is set to create five new jobs after landing a £90,000...

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