Spirit Health, a UK healthcare services and products provider, has secured a £2 million debt finance package from the Midlands Engine Investment Fund II, through appointed Fund Manager for the East and South East Midlands, Maven.
Spirit Health works with the NHS, patients and healthcare providers to improve access to care, enhance efficiency and reduce costs across the healthcare system.
The business provides diabetes care products, including blood glucose meters and test strips, insulin pen needles and continuous glucose monitoring systems, complemented by clinical education, implementation support and medicines optimisation services. By combining products, technology and clinical expertise, Spirit Health helps the NHS deliver practical and cost-effective improvements in patient outcomes.
The MEIF II funding will support Spirit Health’s next phase of growth as it expands its NHS-facing products and services designed to help improve patient outcomes, reduce system costs and support teams delivering care. The debt finance will also provide greater working capital to help the business scale its product and service offering, accelerate its reach across the NHS and continue expanding its customer base.
This transaction marks a significant milestone for MEIF II - Debt Finance East and South East Midlands, which provides loans of between £100,000 and £2 million to businesses across the East and South Midlands and has deployed more than £16 million since its launch in 2024, reflecting continued momentum in supporting ambitious businesses across the Midlands.
"This investment is an important milestone for Spirit Health and gives us the platform to accelerate our growth at a time when the NHS needs practical, scalable solutions more than ever. Our focus is on helping healthcare teams deliver high-quality care more efficiently. Maven’s backing allows us to go further and faster, expanding the reach of our products and services across the NHS."
Chris Barker, CEO at Spirit Healthcare
"Spirit Health has built a strong business with a multi-product offering addressing a genuine need in the healthcare market. With a focus on innovation and collaboration Spirit provides efficient solutions that bridge gaps in healthcare. We’re delighted to support Chris and the team at this time as they embark on an exciting programme of growth."
Richard Brighty, Investment Manager at Maven
"Spirit Health is an established Midlands business with a strong track record of supporting NHS organisations to improve the delivery of patient care. The funding will enable the company to build on that success, investing in its growth and expanding its reach across the healthcare sector. The Midlands Engine Investment Fund II was created to support ambitious smaller businesses with the funding they need to achieve their growth plans. We are pleased to support the business as it continues to develop its offering and deliver positive outcomes for healthcare providers and patients."
David Tindall, Senior Investment Manager at the British Business Bank
This latest investment adds to a growing list of businesses backed by MEIF II - Debt Finance East and South East Midlands. To date, the Fund has backed a diverse range of businesses including, Doughnotts, an artisan manufacturer of fresh pastry donuts, TrulySMB, a technology business helping firms utilise Microsoft, Acres Insurance Brokers, a special agricultural insurance broker, Sleaford Building Services, mechanical, electrical and construction contractor, Lemon and Lime, a home staging business, TextureJet, a DeepTech firm, Sunset Commercial, a commercial brokerage business, and Vision4Sport, a sports hospitality specialist.
As Fund Manager of MEIF II - Debt Finance East and South East Midlands, Maven can provide business loans from £100,000 to £2 million to support both earlier and later stage businesses with real growth potential across a range of sectors. If your business, or the business you advise, is considering debt finance to support future growth please, click here >