Launch of Midlands Engine Investment Fund II provides £400m boost for small businesses

Local News 29 Feb 2024

The British Business Bank has today launched the £400 million Midlands Engine Investment Fund II, unlocking additional funding to help smaller businesses to prosper and thrive across the Midlands region.

The fund will drive sustainable economic growth by supporting new and growing businesses across the whole of the Midlands, through investment strategies that best meet the needs of these firms. It includes a range of finance options with loans from £25,000 to £2 million and equity investments up to £5 million to help small and medium-sized businesses start up, scale up, or stay ahead.

The Midlands Engine Investment Fund II aims to build on the success of the inaugural Midlands Engine Investment Fund, a £300m fund which has already supported 739 smaller businesses since its launch in 2017. The new fund will help hundreds more businesses to achieve their potential and further increase the supply and diversity of early-stage finance by providing options to firms that might otherwise be unable to secure investment.

You can read our full press release here -

To find out more about the Fund, visit:

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