Midlands Engine Investment Fund (MEIF)

The Chancellor announced the creation of a £250m Midlands Engine Investment Fund in his March 2016 Budget, aimed at boosting the region’s economy MEIF mapand supporting the growth ambitions of its 780,000 smaller businesses.

The fund, a joint agreement between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the East & South East and West Midlands, is expected to bring together legacy funding from existing programmes, new funding from the British Business Bank and new European funding.

The British Business Bank has also committed to strengthening the links between its national access to finance programmes and local business support, including employing dedicated staff to work across the Midlands region.

We will be working with the LEPs to deliver the Investment Strategy and anticipate that the fund will be launched and open for applications in 2017.

NEW – The Midlands Engine Investment Fund OJEU procurement notice for Fund Manager Services has now been issued.

For full information about this opportunity visit the Delta portal

In October 2016, we held two launch events relating to this in Derby and Birmingham.

Download the event presentation.

If you have any questions about the events, please email communications@british-business-bank.co.uk

Market assessments were commissioned by DCLG and compiled by Regeneris Consulting and the European Investment Bank (EIB) to identify the potential gaps in private and public sector finance across both regions. These give a good insight into the market needs that the MEIF will address.

Download the West Midlands Assessment

Download the East Midlands Assessment

Seminars
We held seminars for prospective fund managers in May 2016. You can download the presentation from these below. Also included below is a Q&A on the fund, which we will update periodically as and when new questions are submitted.

Download the MEIF seminar presentation

Download the latest MEIF Q&A

 

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The Midlands Engine Investment Fund is aimed at boosting the region’s economy and supporting the growth ambitions of the 780,000 smaller businesses within the region. It is part funded by the European Regional Development Fund.

The business finance guide - English version - guide to finance options The business finance guide - Welsh version - guide to finance options

The English and Welsh language editions of the Business Finance Guide are downloadable from the Guide’s dedicated website. This resource also contains videos and additional content about finance options, and links to local sources of advice and support.8