Midlands Engine Investment Fund II

The British Business Bank is launching the Midlands Engine Investment Fund II, a £400 million fund aimed at supporting smaller businesses in the Midlands. The fund will provide a range of finance options with loans from £25,000 to £2 million and equity investments up to £5 million. It 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 is designed to help smaller businesses with activities including expansion, product or service innovation, new processes, skills development and capital equipment.