Quick Reference Guide

If you are an SME* located in the Midlands – West Midlands and East and South East Midlands, the Midlands Engine Investment Fund (MEIF) could provide the funding you need to help your business realise its potential.

MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands and provides commercially focussed finance to help SME’s start -up and grow.

MEIF combines £250 million of funding from the UK Government, European Regional Development Fund, British Business Bank and European Investment Bank to help businesses in the region to scale-up and become a successful part of the government’s Midlands Engine vision.

We offer three different funding options designed to plug gaps in the provision of commercially available finance, ranging from £25,000 Loans to £2million Equity Investments.

Investment from MEIF-supported product funds is open to a wide range of sectors from early stage innovative businesses through to manufacturing and creative and digital industries. If you can demonstrate growth potential, your business may be eligible. **See below for exceptions

* An SME is a business employing fewer than 250 employees, with an annual turnover of less than 50m Euros or balance sheet net assets of less than 43m Euros. The business cannot be part of a larger group employing more than 249 employees and where the group owns at least a 25% share of the business.
** MEIF-sourced funding cannot be used to invest in businesses in the following sectors: property development, ship building and agriculture. In addition it cannot be used re-finance existing commercial borrowing or help failing businesses.

• Small business loans
• £25,000- £100,000

• Business loans
• £100,000 - £1.5m

• Early stage and later stage equity funding
• £50,000 - £2million
• For established businesses with ambitious plans or large start-ups with high growth potential

• Later stage equity funding
• Up to £2million

To be eligible for funding from an MEIF-support product fund, an SME must have a material part of its operations, staffing or trading based in the MEIF area (or plan to establish such a presence within 2 years.

Eligible businesses may include:

  • New start-ups
  • Early stage companies
  • Fast-growing small businesses
  • Established SMEs
  • Small businesses looking to relocate in the North of England
  • Businesses unable to source funding from banks or investors

MEIF's appointed Fund Managers will be able to provide more detailed guidance on eligibility for funding.

MEIF's product funds can provide funding options that can boost your business needs, for example by:

  • Funding expansion projects
  • Leasing new commercial premises
  • Making asset acquisitions
  • Hiring a new team
  • Purchasing new machinery or equipment
  • Exporting abroad
  • Filling gaps in working capital


  1. Find a fund manager at www.meif.co.uk
  2. Make an enquiry directly to the fund manager
  3. The fund manager will contact you to see if your business qualifies
  4. You make a formal application
  5. The fund manager evaluates your application and makes the investment decision
    If you or your client is based in the north please visit www.npif.co.uk for finance options.

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

Have an innovative business idea but unsure how to get started? #MEIF Proof-of-Concept funding can help get an idea off the ground. Start the journey to realising your business dream here - https://t.co/cHasGF5wnd https://t.co/0srq3qeMvc MidsEngInv photo

Last year, the #MEIF celebrated its £50 million investment milestone after helping over 150 businesses secure the finance they needed to grow. Now with over 280 investments made - find out how you could use #MEIF investment to expand your business here - https://t.co/WeQKRS6ZcB https://t.co/l8V8r7UMeh MidsEngInv photo

Whether you are just starting out or are an established business owner, the @BritishBBank’s Business Finance Guide is a key tool for assessing which finance type is right for your business needs. Download it here - https://t.co/guhUslg4wu https://t.co/hEsxqjldWN MidsEngInv photo

Our newest fund manager @FinanceSE will deliver a £40 million debt fund with the capability to invest between £100k and £1.5 million in ambitious businesses based across the Midlands. Read more here - https://t.co/3MeyslaD1z https://t.co/3V3DRGjVXz MidsEngInv photo

Unsure about which funding type is right for your business? The #MEIF offers four different types of finance ranging from £25k to £2 million. For more information about each type and which is best-suited for your #GrowthPlans, visit our funding page - https://t.co/R1yvnMhmVM https://t.co/NSU4D0OOG1 MidsEngInv photo

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