Published: Sep 13, 2021
Focus: MEIF Maven Debt Finance
Maven has remained active throughout the pandemic, completing more than 25 deals across a range of sectors, many of which involved advising the government's Midlands Engine Investment Fund (MEIF).With responsibility for new MEIF investments across the West Midlands, Rogers has helped provide funding for numerous SMEs and growth businesses. He said: "Our MEIF team have learnt to adapt with the pandemic, as we have had to help our portfolio businesses to adjust and survive the challenging economic conditions of the last 18 months. We worked hard to do precisely that through arranging payment holidays, extended loan periods and even additional lending.
"This was our primary approach until the end of 2020, when the vaccine rollout began to offer cause for optimism, particularly around potential new investments. It was at this time that the Maven MEIF team became an accredited CBILS lender, which has since enabled us to widen our approach and provide funding for new clients as well as existing customers.
"While Covid is of course still with us, we have managed to return to some semblance of normality, with face-to-face meetings even making a comeback in recent weeks. This has allowed both bank staff and our own investment teams to go out and meet clients in person, which I think we would all agree is a better way of doing business."
Rogers also discussed tackling regional imbalances when it comes to investment and what the future may hold for the Midlands. You can read the full Q&A via the Midlands Business Insider.