The latest step in an initiative to boost the Midlands as an area for growth and investment will take place in the form of two events held tomorrow and Monday (May 20 and 23).
The British Business Bank are holding two information events in Birmingham tomorrow and in Leicester on Monday (May 23). These are aimed at fund managers – professional financial services experts who manage large sums of money on behalf of clients – and will look at ways in which they can partner with the British Business Bank to help deliver the £250million Midlands Engine Investment Fund (MEIF).
The MEIF was announced by the Chancellor, George Osborne, in his Budget earlier this year (March). It will look to boost the economies of the East and West Midlands and help their small businesses to grow. It is a joint agreement between the British Business Bank and eleven Local Enterprise Partnerships (LEPs) – including D2N2 – in the East and South-East and West Midlands and will look to bring together legacy funding from existing programmes, new funding from the British Business Bank and new European funding.
The events will run from 10:30am until 12:30pm. They will allow those interested in a partnership with the British Business Bank to meet its team and network. There will be seminars and light refreshment provided.
The Midlands Engine Prospectus, which has further details on the Midlands Engine initiative, sets out how it will work to achieve economic growth and job creation for the area. Its overarching ambitions are to grow the midlands economy, creating 300,000 jobs and boosting the national economy by £34billion.
Key to developing the Prospectus has been the region’s 11 Local Enterprise Partnerships coming together to boost productivity, attract inward investment, increase connectivity and build a regional tourism offer. The new Prospectus focuses on a number of key themes including trade and investment, research and innovation, transport, business support and skills.
Both presentations will be identical in the content they deliver, slides for which will be found at www.meif.co.uk after the second event on May 23.
To register for these events, click the links below.