There is nothing more frustrating in business than being unable to access the funding you need to give your idea the best possible start in life – or grow it once you have successfully launched.
But help is at hand if you require – as you well might – equity-based funding to help your start-up or growth plans.
An investment package from the Midlands Engine Investment Fund could give you access to up to £750,000 to help get your idea off the ground and realise your business dream.
The Proof of Concept fund, managed by Mercia Fund Managers, provides early-stage and later-stage equity funding for established businesses with ambitious plans, or large start-ups with high growth potential.
To qualify, you need to be based within the MEIF region, as all businesses within the Marches LEP area are. And, using other funds, Mercia is also able to support larger investments should you need more than the £750,000 limit with its growth capital or debt funds.
Investments are typically to achieve first proof points from a technical, commercial or market perspective, with the anticipation that further rounds of funding would be required to grow the business.
This particular fund typically appeals to university spinout businesses, entrepreneurs and innovative grant-funded businesses.
It’s a straightforward process to apply – Mercia Fund Managers will let you know if you qualify and lead you through the various stages.
To get started, just click here: https://www.merciatech.co.uk/contact/apply-online/
Mercia Fund Managers is part of Mercia Technologies PLC, which over the last five years has completed more than 2,000 deals and currently has circa £0.5billion of assets under management. Mercia has its roots in the UK regions and operates from eight offices in England and Scotland and is one of the few funders solely committed to meeting the needs of SMEs, particularly small businesses with less than £10m turnover.
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.