The British Business Bank’s Midlands Engine Investment Fund II offers a range of commercial finance options with debt finance from £25,000 to £2 million and equity investment up to £5 million. The fund covers the whole of Midlands, including the West Midlands, East Midlands and South East Midlands (Luton, Bedford and Milton Keynes).
For similar funding in other regions, click here to see a full list of the British Business Bank’s investment funding, covering all areas of the UK.
The fund aims to build on the success of the first Midlands Engine Investment Fund and will drive sustainable economic growth by supporting innovation and creating opportunities for new and growing businesses in the Midlands.
The Midlands Engine Investment Fund II is increasing the supply and diversity of early-stage finance for smaller businesses across the Midlands, providing funds to businesses that might otherwise not receive investment and helping to break down barriers in access to finance.
The new fund has embedded ESG awareness into its design and will help support the UK economy’s transition to net zero.
Funds Available
Smaller Loans, £25k – £100k: to fill the funding gap for growth and development projects
Debt Finance, £100k – £2m: designed for smaller companies that can demonstrate growth potential
Equity Finance, up to £5 million: for established businesses with ambitious plans, or large start ups with high growth potential
To apply for funding, visit the British Business Bank at the link below, and select the type of funding requested. You can then contact a regional fund manager to discuss your application further.
