Closed for applications Closed on 31st December 2023
The Midlands Engine Investment Fund I (MEIF), supported by the European Regional Development Fund, provided commercially focussed finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds.
MEIF I was a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands, and it provided over £300m of investment to boost small and medium business (SME) growth in the Midlands.
The Midlands Engine Investment Fund I aimed to transform the finance landscape for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth through enterprise.
£400m of government funding for the second Midlands Engine Investment Fund was announced in the Spending Review 2021. This represents a significant commitment by the government to support innovative and growing businesses across the Midlands. More information will be posted in due course.
The current 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.
Related articles
What is the UK Export Academy?
Read article What is the UK Export Academy?
What is the bank referral scheme?
Read article What is the bank referral scheme?
What is venture debt?
Read article What is venture debt?
Sign up for our newsletter
Just add your details to receive updates and news from the British Business Bank
Sign up to our newsletter