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Back to News Million pound lending milestone for BCRS celebrated at University of Wolverhampton Science Park

11th December 2018

Million pound lending milestone for BCRS’ MEIF Fund

A flagship fund in the West Midlands, setup to support smaller businesses who may otherwise struggle to gain the finance needed to grow, has hit its first million pound milestone.

BCRS Business Loans has announced that over £1 million in small business loans has been distributed to growing SMEs from the Midlands Engine Investment Fund (MEIF).

MEIF is delivered by the British Business Bank, working with the West Midlands LEPs, through appointed fund managers and aims to transform the finance landscape for small and medium sized businesses across the Midlands.

Regional lender BCRS Business Loans is the fund manager for MEIF’s Small Business Loans fund and is the point of contact for any West Midlands based business looking to secure a small business loan.

Paul Kalinauckas, Chief Executive of BCRS Business Loans, said:

“We are delighted to share the news of our million-pound MEIF milestone. We are proud to work on the MEIF project with theBritish Business Bank, which has enabled us to extend our support for viable businesses that are struggling to access finance from traditional lenders.

“We are committed to providing a relationship-based approach to lending, meeting customers in their business premises across the West Midlands. Not only this, but we understand that business owners are looking for a quick turnaround on their loan application, so that they can focus on their growth plans. Ultimately, we believe that no viable business should go unsupported,” said Paul.

Grant Peggie, Director at British Business Bank, also commented:

“It’s great to see BCRS reach this milestone loan amount. There are some great examples here of smaller businesses accessing the finance they need to expand, supporting job creation and growth across the West Midlands. We look forward to seeing more businesses benefit from this fund and would encourage any Midlands SMEs looking to grow to explore the funding available from MEIF .”TheMidlands Engine Investment Fund project is supported financially by theEuropean Union using funding from the European Regional Development Fund (ERDF)as part of the European Structural and Investment Funds Growth Programme2014-2020 and the European Investment Bank.

Follow @midsenginv

Are you looking to secure business finance?

For information on what investment type is suited to your firm's needs, visit the @BritishBBank’s Business Finance Guide here: https://t.co/u5u3LyQcif https://t.co/LcHCDyt0kJ
MidsEngInv photo

Stay up to date with the latest #MEIF investments and fund announcements by visiting our news page here: https://t.co/8KEIg61nsB https://t.co/UyLelZ6LAM MidsEngInv photo

Are you new to the @BritishBBank’s #MEIF? For clear information on the finance available through the Fund please visit our Quick Reference Guide here: https://t.co/SDilCE6y9Q https://t.co/cjEwnvR6n9 MidsEngInv photo

The #MEIF is now on LinkedIn. Follow us for the latest investment news, fund updates and information on securing external finance.

Connect here: https://t.co/mhwkGSoAcr https://t.co/VXP3Zc0pJ0
MidsEngInv photo

#MEIF Small Business Loans are available for a wide range of purposes including filling gaps in growth capital, funding new projects or purchasing equipment.

Connect with our fund managers @B_C_R_S and @1st_Enterprise and access more information here: https://t.co/FMbFV547x6 https://t.co/hnbIVDvsgI
MidsEngInv photo
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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

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£25k – £150k

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debt finance

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£100k – £1.5m

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equity finance

Equity Finance

£50k – £2m

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proof of concept

Proof of Concept

Up to £750,000

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Follow @midsenginv

Are you looking to secure business finance?

For information on what investment type is suited to your firm's needs, visit the @BritishBBank’s Business Finance Guide here: https://t.co/u5u3LyQcif https://t.co/LcHCDyt0kJ
MidsEngInv photo

Stay up to date with the latest #MEIF investments and fund announcements by visiting our news page here: https://t.co/8KEIg61nsB https://t.co/UyLelZ6LAM MidsEngInv photo

Are you new to the @BritishBBank’s #MEIF? For clear information on the finance available through the Fund please visit our Quick Reference Guide here: https://t.co/SDilCE6y9Q https://t.co/cjEwnvR6n9 MidsEngInv photo

The #MEIF is now on LinkedIn. Follow us for the latest investment news, fund updates and information on securing external finance.

Connect here: https://t.co/mhwkGSoAcr https://t.co/VXP3Zc0pJ0
MidsEngInv photo

#MEIF Small Business Loans are available for a wide range of purposes including filling gaps in growth capital, funding new projects or purchasing equipment.

Connect with our fund managers @B_C_R_S and @1st_Enterprise and access more information here: https://t.co/FMbFV547x6 https://t.co/hnbIVDvsgI
MidsEngInv photo

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