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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


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

Find Out More

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

£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


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

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