Delivered by the Government’s British Business Bank, the Midlands Engine Investment Fund forms part of a wider initiative to grow the region’s business community and local economy.
The fund seeks to address regional imbalances in finance available to Midlands businesses.
Investments from the MEIF are made by one of six appointed fund managers working across the East and South-East Midlands and West Midlands and supported by a network of Local Enterprise Partnerships.
The £250 million fund offers equity and debt investment between £25,000 to £2million.
The £25 million invested so far, which includes £10 million of private sector funds alongside finance from the Midlands Engine Investment Fund, has supported over 100 businesses, ranging from technology start-ups to established manufacturing firms.