Midlands Engine Investment Fund II

Overview

The Midlands Engine Investment Fund II is a UK government-backed initiative aimed at supporting the growth and development of small and medium-sized enterprises (SMEs) across the Midlands region. Building upon the success of its predecessor, MEIF II offers a range of commercial finance options, including debt finance, small business loans, proof of concept, and equity finance, with investments ranging from £25,000 to £5 million. The fund is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands, leveraging funding from the UK Government, the European Investment Bank, and the European Regional Development Fund. MEIF II focuses on providing flexible financing solutions to SMEs at various stages of their development, from seed and early-stage companies to those in growth and late-stage phases. The fund aims to address the finance gap in the Midlands by offering tailored support to businesses seeking to scale up and realize their growth ambitions. By investing in a diverse range of sectors, including technology, healthcare, manufacturing, and more, MEIF II seeks to foster innovation and economic development within the region. Since its launch, MEIF II has facilitated numerous investments, contributing to job creation and economic growth in the Midlands. The fund's strategic approach emphasizes collaboration with local partners and stakeholders to ensure that investments align with regional priorities and have a meaningful impact on the local economy. Through its comprehensive support and commitment to regional development, MEIF II plays a pivotal role in enhancing the financial landscape for SMEs in the Midlands, enabling them to thrive and contribute to the broader economic prosperity of the area.

Investment Focus

• Businesses must have material operations or plan to establish material operations in the West Midlands and East & South East Midlands.