Midlands Engine Investment Fund
Debt finance from £100,000 to £1.5 million for SMEs located across the East, West and South East Midlands.
Take the next step in your growth journey
Loans from £100,000 to £1.5 million
Flexible debt solutions tailored to the needs of each company.
Available for SMEs across the Midlands region
Available to businesses located in the East and West Midlands who are looking to raise debt for a range of funding requirements.
Debt finance to support growth
Funding packages can be tailored to individual business needs and growth strategy.
Aimed at established businesses
Funding is available for established, cash generative businesses operating in most sectors.
About the Fund
The Midlands Engine Investment Fund is a partnership between the British Business Bank and ten Local Enterprise Partnerships in the Midlands. It was created to transform the finance landscape for smaller businesses across the region to enable them to access business loans from £100,000 to £1.5 million to support growth.
MEIF Maven Debt Finance is designed primarily for established, cash generative companies. The finance can be used to support a wide range of funding requirements and access the capital required to accelerate growth.
Helping you grow your business
MEIF Maven Debt Finance is designed for small businesses that need funding to grow, and can support a wide range of business finance needs including:
Purchasing new machinery
Investing in new products
Growing your team
Improving available working capital
Recovery Loan Scheme
Maven is also an accredited lender to provide loans through the Recovery Loan Scheme (RLS). The programme supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.
Businesses which have taken out a CBILS, CLBILS or BBLS facility are able to access the new scheme.
Debt transactions led by MEIF Maven Debt Finance
We are extremely excited to receive this funding through the MEIF Maven Debt Finance Fund. This is a great time to receive finance as it will support the expansion of the business, creating jobs and enabling the team to deliver new contracts.
Barry Exton, Managing Director at Sleaford
We are delighted to receive this funding boost to enable us to execute our growth plans. We are looking forward to modernising our warehouse and creating a manufacturing and production hub where whole spices will be prepared under our own brand label.
Tariq Areehy, Managing Director at Indus Foods
The opportunity to work with Maven to secure additional working capital to strengthen the balance sheet comes at a very important time, as we further develop exciting plans in the aerospace, alternative energy, and steam and gas turbine blade sectors.
Philip Kirkham, CEO of Hardide
The funding package we have received from MEIF Maven will support us as we approach a period of rapid growth for the business. Our products and services have seen increased demand and we are extremely excited to deliver our growth plans.
David Byrne, CEO of Vacuum Furnace Engineering
Our business is centred around delivering products that provide significant value and optimal solutions for our customers in order make a real difference to people’s lives. This loan will support us with our product development plans and will accelerate our growth plans.
Tom Hall, Managing Director at EarthSense
The Midlands Engine region
The Midlands Engine covers the West Midlands, East and South East Midlands supporting companies based in:
- The Black Country
- Coventry & Warwickshire
- Greater Birmingham & Solihull
- The Marches
- Stoke-On-Trent & Staffordshire
East & South East Midlands:
- Derby, Derbyshire, Nottingham and Nottinghamshire (D2N2)
- South East Midlands
- Leicester & Leicestershire
- Greater Lincolnshire
Fund postcode eligibility checker
Find out whether your business is eligible to apply to the MEIF Maven Debt Finance by submitting your postcode to check your company is based within the region the Fund can support:
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Our local team
We back ambitious management teams across a wide range of sectors, helping to accelerate their growth potential. Having provided more than 100 business loans to SMEs across the Midlands since the start of the Fund in 2017, our specialist regional team can help take your business to the next stage.