Businesses across Nottinghamshire and Derbyshire gathered to hear about a new slice of funding for companies across the Midlands today (September 28), at a ‘meet the funders’ event in Nottingham City Centre, opened by the Chair of the D2N2 Local Enterprise Partnership (LEP).
Businesses with an interest in funding which could support and growth their operations came to the Nottingham Conference Centre this morning, to hear all about the Midlands Engine Investment Fund (MEIF). This is a new £120million portion of funding, created as a collaboration between Government, the British Business Bank and ten LEPs in the East and West Midlands.
D2N2 – the LEP for the Nottinghamshire and Derbyshire area – has been involved in helping to establish the MEIF, and yesterday’s event, which gave information on the specifics of different funds, directly from the organisations who will be managing them. There was also a briefing from the D2N2 Growth Hub – a free and impartial business support and advice service which works across the D2N2 area – on the new ScaleUp Service for high growth businesses.
The MEIF is composed of two separate lots of funding – £30m of small business loans valued between £25,000 and £150,000, as well as £90m of debt finance worth between £100,000 and £1.5million. The £120million fund is part of a wider £250m commitment, with further funding due to be made available later this autumn (2017). It brings together new and existing funding from Central Government, the European Regional Development Fund (ERDF), British Business Bank and European Investment Bank (EIB).
A second ‘Meet the Funders’ event will be held at the Derby Arena, Royal Way, Pride Park, Derby (DE24 8JB) next Thursday (October 5) from 8:00 am to 9:00 am. This will give similar information to today’s event and is due to be opened by the D2N2 Chief Executive, David Ralph.
For more information, and to book a place on next Thursday’s event, visit: https://www.eventbrite.co.uk/e/meet-the-funders-midlands-engine-investment-fund-tickets-37612702606
For more information on the MEIF, visit: http://www.meif.co.uk/
For more information on the Midlands Engine, visit: https://www.midlandsengine.org/
For further information on the Midlands Engine Investment Fund please visit the website.
For more information on the above events please contact the D2N2 Growth Hub:
Tel: 0333 006 9178
For More Information on the above release, please contact:
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