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
Capital Expenditure
Export Finance
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
£1 million
Transaction size
This is a fantastic opportunity for Maven and the MEIF to support the team at Maeving at this exciting time with the launch of the RM1 and we look forward to being a part of their growth journey in producing stylish products that support sustainable travel and challenge the future of transport.
Richard Blount, Investment Director for Maven
Not disclosed
Transaction size
This is a really exciting time for CW Sellors and the expansion of their design and manufacturing centre could see a continuing number of prosperous years ahead for the business. Following an introduction from Midlands Asset Finance we are delighted to be able to support the business through this key growth stage.
Richard Altloft, Investment Manager at Maven
£750,000
Transaction size
Maven has helped Eskuta bridge the stock funding gap that was a continual problem for the business, and which hindered any prospect of Eskuta expanding and fulfilling its potential. The new funding has therefore allowed us to grow the business exponentially in the B2B sector.
Ian O’Connor, Manging Director for Eskuta Ltd
£200,000
Transaction size
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
Not disclosed
Transaction size
BatFast have developed an incredibly engaging sports simulator which has broad appeal to experienced and new players alike. We look forward to supporting the company with its global expansion and help realise its future growth and success.
Jonathan Lowe, Investment Director at MEIF Maven
£1.5 million
Transaction size
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
Transaction size
Not disclosed
Transaction size
Supporting the ever-increasing focus on driving carbon reductions across the world, EkkoSense has built an impressive client base that recognises the value that its technology can bring. The team have a strong track record in the sector, with supportive investors, and we are pleased to play our part in the next phase of growth
Jonathan Lowe, Investment Director at Maven
The Midlands Engine region
The Midlands Engine Investment Fund covers the following areas:
West Midlands:
- The Black Country
- Coventry & Warwickshire
- Greater Birmingham & Solihull
- The Marches
- Stoke-On-Trent & Staffordshire
- Worcestershire
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:
Latest news & insights
News
Maven expands Midlands team with two senior hires
News
Maven expands Midlands team with two senior hires
News
Hex Energy receives £250,000 from MEIF Maven Debt Finance
News
Watermark secures £250,000 from MEIF Maven Debt Finance
Insights
What’s right for your business: Equity vs Debt
News
Children’s Sensory Therapy receives funding from MEIF Maven Debt Finance
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.
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Frequently asked questions
What is the Midlands Engine Investment Fund?
A collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) as a funding route for ambitious small and medium-sized (SME) businesses across the West, East, and South East Midlands. It was created to transform the finance landscape for smaller companies across the region to enable them to access business loans to support growth.
Who can apply for funding?
Small and medium-sized businesses looking to scale up based in the Midlands region can apply for funding.
What types of funding are available?
Maven is able to offer debt financing to Midlands-based SMEs of £100k - £1.5m through MEIF.
What is the process for applying for funding?
To apply for funding through MEIF Maven Debt Finance, all you need to do is submit the form on the MEIF page on our website. The Maven investment team will review your application and contact you to discuss your proposal further.
What is the repayment period for finance provided through MEIF?
The repayment period will vary depending on the specific terms of the agreement. The Maven team will discuss repayment terms with you during the application process.
What are the eligibility criteria for funding?
To be eligible for funding, SMEs must be based in the Midlands region and have growth potential. They must also demonstrate a viable business plan and be able to demonstrate how the funding will help them achieve their growth ambitions.
Who can I contact for further information?
You can contact the Midlands team directly or by emailing meif-enquiries@mavencp.com for further information.
How does the European Regional Development Fund work?
The European Regional Development Fund (ERDF) is a funding program that aims to reduce economic, social, and territorial disparities in all EU regions. It provides financial support to both public and private entities. ERDF is delivered under shared management for investments to make Europe and its regions more competitive and smarter, greener, more connected, more social and closer to citizens.
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