Vimeo logo Twitter logo LinkedIn logo

LEPs, Stakeholders and Partners

Header icon

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

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

Small Business Loans

£25k – £150k

Small Business Loans page
Learn More
debt finance

Debt Finance

£100k – £1.5m

Debt Finance page
Learn More
equity finance

Equity Finance

£50k – £2m

Equity Finance page
Learn More
proof of concept

Proof of Concept

Up to £750,000

Proof of Concept page
Learn More

Follow @midsenginv


Staffordshire-based @JenniferSkin is set to expand into new #international markets following investment from #MEIF and @Midven.

Find out more about the firm's plans here: https://t.co/c7Gi8P4iiv https://t.co/E7a5OslYdM
MidsEngInv photo

Keep up to date with the latest news, views and deals on our #MEIF LinkedIn.

Connect here: https://t.co/2ArDcrrsVn https://t.co/HhkX00kyVb
MidsEngInv photo

Growth Hubs can help connect entrepreneurs, start-ups and larger businesses with the support they need to grow.

With 10 located across the #Midlands, find your local #GrowthHub here: https://t.co/TgkARfQcA7 https://t.co/rF0DFSnwya
MidsEngInv photo

Whether you are an #entrepreneur looking to start a business or an #SME looking to grow, you may find it difficult obtaining the finance you need.

#MEIF Small Business Loans can be used to fill funding gaps.

Find out more: https://t.co/UL95xCT6Fk https://t.co/fxfbpL9mYz
MidsEngInv photo

65% of #MEIF investee firms reported increased skills in their workforces according to our Early Assessment Report.

Find out more about the fund's impact on job creation and skills here: https://t.co/NnfU2oqVQm https://t.co/eo7eT08AGl
MidsEngInv photo

Latest News

management of business pictured with Fund manager and bank representation
Luton manufacturer set to expand after £350k MEIF investment

A Luton-based manufacturer of cutting equipment has secured a £350,000 investment to expand its product line and create...

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Midlands Engine Investment Fund news and information

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Midlands Engine Investment Fund news and information