In August the British Business Bank announced the first wave of its £250 million Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, with the launch of £120 million worth of SME debt finance, in a move designed to provide greater support to the region’s smaller businesses, accelerate economic growth and promote job creation – in line with the Government’s Midlands Engine Strategy.
The Fund’s launch was marked with the publication of a new report examining the current state of the regional economy and business finance landscape. ‘Spotlight: The Midlands Engine Investment Fund‘, draws on the British Business Bank’s own research and other publicly-available data. It highlights the opportunities available for ambitious, fast-growth businesses across the Midlands Engine area to reach their economic potential. [Read more…]