Adam Prickett & Andrew Avanessian
CFO and CEO
Jonathan Abraham & Anuj Saboo
Regional funding for growing businesses
Maven is a leading manager of regional growth funds and one of the UK’s foremost providers of finance for smaller businesses that are looking to scale up and stay ahead.
A local partner who knows your region
Our regional funds
Maven manages a number of funds that specialise in providing equity and/or debt finance to regionally based businesses across the Midlands, North East and North West of England.
MEIF Maven Debt Finance
Debt funding from £100,000 to £1.5 million for SMEs located across the West, East and South East Midlands.
NPIF Maven Equity Finance
Equity funding up to £2 million for SMEs located across the North West of England, as well as Yorkshire & Humber and the Tees Valley.
Finance Durham Fund
Debt and equity finance from £200,000 to £2 million for businesses located in or looking to relocate to County Durham.
North East Development Capital Fund
Debt, equity and mezzanine finance from £400,000 to £2 million for SMEs located across the North East of England.
Why partner with Maven
Our highly experienced UK wide team are based across an extensive regional office network, providing a local presence with national scale.
We are the trusted investment partner for ambitious management teams across all corners of the UK.
We have a proven track record of investing in and helping high growth SMEs to transition into larger more valuable businesses.
We manage a diverse range of funds for all stages of growth, ensuring that we have the potential to continue supporting your business as it grows.
It has been great to find an investor in our home city of Manchester which shares our vision and we are looking forward to working with Maven to take our business to the next stage.
Adam Ward, CEO of Airtime Rewards
The support from Maven allows us to further accelerate the growth of Relative Insight. Expanding into the USA is the next logical step for us.
Ben Hookway, CEO at Relative Insight
We are excited about our expansion into Newcastle, which is one of the most vibrant cities in the United Kingdom. We are looking forward to our partnership with Maven who are one of the leading investors in the United Kingdom and will be a strong partner in the years to come.
Virraj Jatania, Founder of Pockit
AppLearn is addressing a genuine need in in the industry for digital transformation services. The business is well placed to take advantage of the current migration to a digital economy and leverage off the new challenges facing enterprises today. We’re delighted to back Andrew, Adam and the team who are experienced and technology focussed with an excellent reputation in the market.
Dean Cox, Senior Investment Manager at Maven
Accessing investment can be a complex process, but Maven was extremely supportive throughout. The investment community is extremely excited about marketplace models and Maven recognised our unique offering and approach to the private security industry.
Tom Pickersgill, CEO of Orka Technology Group
Over the past two years, we’ve made huge leaps in our mission to be one of the leaders in web-based archiving and this funding milestone is central in supporting the next phase of our journey. This investment secures the next stage of our evolution and the team is truly proud of what we’ve achieved and where our vision will take us.
David Clee, CEO at MirrorWeb
Frequently asked questions
What is regional funding?
Thousands of businesses across the UK are yet to realise their full potential. Funding and support at a local level are often the key catalyst for propelling business growth, yet many SMEs struggle to access finance and are capital constrained.
There’s potential in every corner of the country, not just London and the South East. As a result, there are a growing number of regional funds which have been established to address this funding gap and provide a feasible option for ambitious SMEs who are seeking venture capital, private equity or debt finance.
Financial support is allocated to specific geographic areas or regions to foster economic growth, generate employment opportunities, and tackle regional disparities. Its purpose is to promote balanced development and address the specific needs and challenges of different regions.
What is an example of a regional fund?
An example would be the Northern Powerhouse Investment Fund (NPIF) a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the North West, Yorkshire, the Humber and Tees Valley, that provides commercially focussed finance through Microfinance, Debt and Equity Finance funds available to eligible companies.
Another is the Midlands Engine Investment Fund (MEIF), which operates across the West Midlands and East and South East Midlands, providing commercially focussed finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds to eligible companies.
Funds are run in a commercially sustainable way, promoting borrowing and investing for growth.
How do I know if my business is eligible for regional funding?
Depending on the stage of growth of your business and the type of funding you are applying for, each fund will have its own eligibility criteria. The regional funds Maven manages, on behalf of clients such as the British Business Bank, are aimed at ambitious SMEs with high growth potential who are looking to scale up or stay ahead and are only available to businesses who are located within the geographical area specified. For more detailed information on eligibility and the regions covered, you should visit the dedicated webpage for each fund.