What we do:
Our aim is to make finance markets work better for small businesses in the UK at all stages of their development: starting up, scaling up and staying ahead.
•We will increase the supply of finance available to smaller businesses where markets don’t work well.
•We will create a more diverse and vibrant finance market for smaller businesses, with a greater choice of options and providers.
•We will build confidence in the market by increasing smaller businesses’ understanding of the options available to them.
•We will achieve this whilst managing taxpayer resources efficiently and within a robust risk management framework.
The British Business Bank is 100% Government owned, but independently managed. It brings expertise and Government money to the smaller business finance markets. We don’t lend or invest directly. Instead we work with over 100 partners such as banks, leasing companies, venture capital funds and web-based platforms.
Businesses apply for finance through our partners who, because they work with us, can lend and invest more, especially to younger and faster growing companies.
In total we work through more than 100 finance partners in the market, and we will unlock up to £10 billion of new finance and bring greater choice and information on finance options to smaller businesses.
What is the Midlands Engine Investment Fund?
The Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, provides commercially focussed finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds.
The Midlands Engine Investment Fund aims to transform the finance landscape for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth through enterprise.
MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands.
MEIF provides over £250m of investment to boost small and medium business (SME) growth in the Midlands.
If your business is located in the Midlands and you are looking to scale up, select one of the funding options below to see how we can help.