If your business is located in central England, from welsh border to the North Sea, you can apply for MEIF funding, supported by ERDF, via your local LEP fund manager. To enquire about a funding application, select a fund manager below.
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Focus on: East & South East Midlands & West Midlands
Focus on: East & South East Midlands
Focus on: West Midlands
Focus on: West Midlands
Focus on: East and South East Midlands
Focus on: The Midlands
Focus on: East & South East Midlands
Focus on: West Midlands
Focus on: The Supply Register will reinforce service reach throughout the West and East Midlands, the North West and Yorkshire and expand into new key areas following MEIF funding. The Supply Register which is based in Stoke-on-Trent has secured a significant investment, including £500,000 from the Midlands Engine Investment Fund (MEIF) Equity Finance Fund, managed by venture capital firm Midven. Established in 2016 by Baljinder Kuller, The Supply Register provides schools with direct access to supply cover from educational professionals and agencies, offering cost-effective cover. This online recruitment interface enables schools to build their own talent banks, pay successful candidates a higher market rate and reduce recruitment costs by up to 25%. This co-investment from existing investors and the MEIF will allow The Supply Register to reinforce the servicing of schools within its present catchment areas and transform the way supply recruitment is approached in new regions, such as the East and South of England. To do this, the firm will hire additional staff to work closely with a growing number of partnership locations and also add to its central team based in Stoke-on-Trent. Kuller has 15-year track record of resourcing roles and partnership development for local authorities, private sector agencies and initial teacher training providers. Baljinder Kuller, Founder of The Supply Register, said: “Through our ‘bank first’ approach, The Supply Register helps education providers reduce disruption while tackling budgetary constraints and skill shortages. It does so by providing recruitment solutions and bridging them towards appropriate talent pools. “We are proud to have partnered with Midven and the MEIF as the Midlands has always been home to some of the world’s most innovative businesses and dynamic entrepreneurs. Opportunities like this for founders like me are a clear indicator that the Midlands is being put at the heart of plans to level up parts of the country. “The commitment towards the Midlands economy dovetails with our own vision to help schools drive better value when procuring supply cover while ensuring educators are remunerated appropriately for their efforts in the classroom. Giovanni Finocchio, Investment Director of Midven said: “The Supply Register was identified as an investable proposition by Midven when founder, Baljinder Kuller attended an investment readiness workshop. “We believe with The Supply Register’s industry knowledge teamed with its clever use of technology will revolutionise the way schools, teachers and agencies remain connected. We are excited to see this gap being filled. It is also very encouraging to see that Stoke-on-Trent is home to such emerging and innovative industry disruptors like The Supply Register.” Grant Peggie, Director at the British Business Bank said: “The MEIF is committed to supporting the growth of innovative businesses like The Supply Register. With this investment we are helping to create additional skilled jobs in the Stoke-on-Trent and Staffordshire area and helping to boost the wider Midlands’ economy.” Stoke-on-Trent and Staffordshire LEP chairman Alun Rogers said: “The Supply Register is providing a valuable service to schools across the Midlands and beyond. This is a successful company operating to national clients and we’re keen for other businesses to find out more about how they can benefit from this funding. “We’re pleased it is being supported by the Midlands Investment Fund, meaning one of our businesses can grow its operations and make a difference to schools and educational attainment.” The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
Focus on: A Solihull-based energy consultancy has doubled in size after securing a £65,000 investment from the Midlands Engine Investment Fund (MEIF). Utility Works Group, a partner for businesses looking to reduce their energy costs and become more environmentally friendly, secured the MEIF investment through BCRS Business Loans. The funding boost has allowed the company to move into new larger office space and employ additional members of staff, building the team up to support growth. Utility Works Group Founder and Sales Director, Craig Gillespie, said: “Securing funding has helped us take a big step towards achieving our ambitious growth plans and we expect to double the size of our workforce again this year. “As energy prices tend to go up by ten per cent per annum, it is important for profitability and environmental sustainability that businesses have an energy audit to see where improvements can be made. We can then suggest better tariffs and ways of reducing energy consumption and carbon emissions. “I set Utility Works Group up two years ago after becoming frustrated with an industry that was fixated on profit at the expense of customer service. We have changed all of that and have set up a model that works for all of the businesses we support.” Louise Armstrong, Senior Business Development Manager at BCRS Business Loans, who supported Craig and the team throughout their loan application process, said: “We are delighted to have supported the growth of Utility Works Group, which has not only doubled in terms of office size but has also provided four new jobs for local people. Social and economic impact is something we are passionate about at BCRS Business Loans. “After meeting Craig and fellow directors Lee and Tom, it was clear to see that there was a vast amount of industry and management experience, plus an impressive business plan. “We believe that no viable business should go unsupported and offer a relationship-based approach to lending.” Ryan Cartwright, Senior Manager at the British Business Bank, said: “The MEIF was set up to help transform the business finance landscape across the Midlands. It is great to see MEIF finance is supporting expansion plans and job creation and we would encourage any smaller businesses in the region to explore the options available through the MEIF.” Pat Hanlon, Director for Access to Finance at GBSLEP, said: “This is a fantastic example of one of the initiatives which are available to businesses in the region looking to expand. “As well as helping to double the size of its office space, this move will support newly created jobs for local people at the Utility Works Group and we’re looking forward to seeing the business continue to thrive.” The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
Focus on: The Stratford-Upon-Avon business will use MEIF funding to grow its workforce and move to a larger site. Vivarail Limited, designers and manufacturers of modular trains, has secured a £1.5m loan from the Midlands Engine Investment Fund Debt Finance, managed by Maven Capital Partners. The Stratford-Upon-Avon firm will use the finance boost to pursue new growth by relocating to a larger site, which will enable it to scale up operations. The firm is also expanding its workforce, with five jobs set to be created. Vivarail specialises in developing a range of hybrid, electric and battery solutions for rail carriages and systems. The company offers a unique proposition to the rail industry and has designed and implemented modular and interchangeable power systems which enable trains to be easily converted to run on batteries. Vivarail designs and manufactures trains based on existing bodyshells and bogies as part of its focus on reducing carbon waste. The company has taken orders from customers including West Midlands Trains Ltd, Transport for Wales and South Western Railway. Ian Wenman, Finance Director at Vivarail said, “We are delighted to receive this funding package from MEIF Maven Debt Finance. As a business, our focus is to continue to develop environmentally friendly solutions for the rail industry. We look forward to taking this next step in our growth journey, relocating to a larger site and expanding our team.” Demetri Theofanou, Investment Manager at Maven said, “Vivarail is a significant Midlands-based business that has developed some very interesting technology that will help the rail sector reduce its environmental impact and carbon footprint. We are delighted to help finance this innovative business and look forward to seeing it embark on its growth journey.” Ryan Cartwright, Senior Manager at the British Business Bank, said, “The Midlands is a hotbed of innovation and it’s good to see businesses like Vivarail highlighting the progress being made in the development of green transport solutions. “With the support of this MEIF finance, the firm will be able to move to a larger facility and create new jobs, demonstrating how the Fund continues to help businesses in the Midlands progress their long-term growth plans.” Sean Farnell, a board director at the Coventry and Warwickshire Local Enterprise Partnership (CWLEP), said, “Transport innovation is one of the key strengths of Coventry and Warwickshire and the exciting work of Vivarail will have an important part to play in improving carbon emissions. “This funding is not only helping Vivarail to move to new premises and create jobs to boost the economy, it is helping the rail industry to make giant strides forward to provide more sustainable transport." The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
Midlands Engine Investment Fund offers four different funding options to help your business grow, ranging from small business loans to fund start-ups, to later-stage equity investment that allows established businesses to continue growing.
Our funding options are informed by market assessments conducted in the Midlands which have identified common gaps in the provision of business finance.
The funding options respond to difficulties SMES in the Midlands have in obtaining debt finance as well as the observed differences in awareness and availability of equity finance.
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