The Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, provides commercially focussed finance to businesses in a variety of different funding routes. These are:
- small business loans
- debt finance
- proof of concept funds
- 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 (internal link) and ten Local Enterprise Partnerships (LEPs), including The Marches LEP, in the Midlands.
MEIF provides more than £250m of investment to boost small and medium business (SME) growth in the Midlands.
In the Marches, a number of different lenders offer loans through MEIF which brings together new and existing funding from Central Government, the European Regional Development Fund (ERDF), British Business Bank and European Investment Bank (EIB).
Your Marches Growth Hub teams can advise businesses about funding from MEIF, in the first instance please contact the hub based in the local authority area to which you pay business rates). Contact details can be found on the below links: