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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


The #MEIF Quick Reference Guide breaks down the different types of finance available through the Fund and the types of businesses best suited to each. Download it here - https://t.co/RngOaJw0eV https://t.co/EvAftZBCy7 MidsEngInv photo

The @BritishBBank has today released its Small Business Finance Markets Report 2020. Key findings include #MEIF supporting 20% of equity deals in the #Midlands, helping the region's businesses unlock new growth. Read #SBFM2020 here - https://t.co/W32Uh2aPWG https://t.co/MLDHvnredp MidsEngInv photo

20% of equity deals in the Midlands supported by the #MEIF - revealed in the @BritishBBank's #SBFM2020 Report released today - https://t.co/W32Uh2aPWG https://t.co/bCrbzCeChd
MidsEngInv photo
British Business Bank @BritishBBank
Our regional funds, @MidsEngInv and @NPIFBBB, have contributed 20% and 16% respectively to equity deal numbers in the North & Midlands #SBFM2020 #LevelUp

Download the full report now
👉 https://t.co/pSuiMCJXle https://t.co/VzV0nikT14

Growth Hubs are centres for business support, connecting firms to the right help for their needs. With 10 located across the Midlands, find your nearest here - https://t.co/47oT5NP7xK https://t.co/gW78zLZ8Ym MidsEngInv photo

Supporting innovation is a key priority for the #MEIF, with the Fund investing £150k in Birmingham-based @aceleronenergy – a firm developing cutting edge battery technology. In the video below, CEO Amrit Chandan explains how the funding supported the firm’s #Growth https://t.co/im8hET5eGZ

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


The #MEIF Quick Reference Guide breaks down the different types of finance available through the Fund and the types of businesses best suited to each. Download it here - https://t.co/RngOaJw0eV https://t.co/EvAftZBCy7 MidsEngInv photo

The @BritishBBank has today released its Small Business Finance Markets Report 2020. Key findings include #MEIF supporting 20% of equity deals in the #Midlands, helping the region's businesses unlock new growth. Read #SBFM2020 here - https://t.co/W32Uh2aPWG https://t.co/MLDHvnredp MidsEngInv photo

20% of equity deals in the Midlands supported by the #MEIF - revealed in the @BritishBBank's #SBFM2020 Report released today - https://t.co/W32Uh2aPWG https://t.co/bCrbzCeChd
MidsEngInv photo
British Business Bank @BritishBBank
Our regional funds, @MidsEngInv and @NPIFBBB, have contributed 20% and 16% respectively to equity deal numbers in the North & Midlands #SBFM2020 #LevelUp

Download the full report now
👉 https://t.co/pSuiMCJXle https://t.co/VzV0nikT14

Growth Hubs are centres for business support, connecting firms to the right help for their needs. With 10 located across the Midlands, find your nearest here - https://t.co/47oT5NP7xK https://t.co/gW78zLZ8Ym MidsEngInv photo

Supporting innovation is a key priority for the #MEIF, with the Fund investing £150k in Birmingham-based @aceleronenergy – a firm developing cutting edge battery technology. In the video below, CEO Amrit Chandan explains how the funding supported the firm’s #Growth https://t.co/im8hET5eGZ

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