Fund set to help new and growing businesses realise their potential

Fund set to help new and growing businesses realise their potential

Local businesses looking to expand into new markets and boost productivity are invited to access support from the Midlands Engine Investment Fund (MEIF).


Small business loads of between £25,000 and £150,000 are available to fledgling businesses across the midlands for a wide range of purposes including filling gaps in working capital, funding expansion projects, leasing commercial premises and asset acquisitions.


For larger companies looking to move to the next level, there are debt finance options providing business loans of between £100,000 and £1.5m. 


The MEIF is the result of close collaboration between the British Business Bank, the Department for Business, Energy and Industrial Strategy, the Department for Communities and Local Government and 10 Local Enterprise Partnerships (LEPs) in the East & South East and West Midlands.


It brings together new and existing funding from Central Government, the European Regional Development Fund (ERDF), British Business Bank and European Investment Bank (EIB).

For more information on how to access financial support from the fund, visit www.meif.co.uk


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