Thursday 5th September
Whether you’re looking for finance to start a business, grow to the next level, or stay ahead of the competition, the Bank is delivering greater choice and more finance options.
We aim to make finance markets work better for smaller businesses across the whole of the UK, in line with the Government’s aim of boosting long-term growth in the regions and reducing the historic North-South funding gap. Three regional funds have been set up to help reduce regional imbalances in access to both debt and equity finance for smaller businesses across the UK.
Here in the Midlands the British Business Bank is working alongside the local 10 LEPS to deliver the £250m Midlands Engine Investment Fund (MEIF). It provides commercially focussed finance through appointed fund managers who offer Small Business Loans (£25k-150K), Debt Finance (£100k - £1.5m), Proof of concept (up to £750k) and Equity Finance (£50k- £2m) funds across the entire Midlands geography. Although it has invested over £30m to date there is still plenty of funding available to small growing businesses across the Midlands. To find out more visit the MEIF website at:
The Midlands Engine Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company.