Midlands Engine Investment Fund
The Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, provides commercially focussed finance through Small Business Loans, Debt Finance, proof of concept and Equity Finance funds.
The Midlands Engine Investment Fund aims to transform the finance landscape for smaller businesses in the Midlands and to realise the region's potential to achieve economic growth through enterprise.
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.
MEIF provides over £250m of investment to boost start-ups and small and medium business (SME) growth in the Midlands. A £250m fund for SME businesses - with the first tranche of funding now available.
The first £120million fund launched in 2017 is composed of two separate lots - £30million of small business loans valued between £25,000 and £150,000, as well as £90million of debt finance worth between £100,000 and £1.5million.
In February 2018, a further wave of the Midlands Engine Investment Fund (MEIF) was launched with up to £100million of equity finance to be made available to small businesses across the West, East and South-East Midlands. You can learn more about MEIF here