What is the finance available for?
Equity finance is widely accepted as an important ingredient for businesses with potential for high growth.
But while the number and value of equity deals have grown sharply in London and the South East over recent years, growth in equity deals in the Midlands has been considerably lower.
MEIF, supported by ERDF, has particular interest in supporting equity investments, helping the Midlands to become a vibrant and sustainable venture capital market.
An equity-based investment could be right if you run an established business with ambitious plans, or a large start up with high growth potential.
As appointed Fund Manager to the Midlands Engine Investment Fund (MEIF), Foresight invest up to £2 million into growing smaller companies - predominantly in the East and South East Midlands.
By partnering with promising smaller companies, we’re helping to realise the region’s potential through economic growth and job creation.
The four local enterprise partnerships (LEPs) Foresight are working across:
- Derby, Derbyshire, Nottingham and Nottinghamshire (D2N2 LEP)
- Greater Lincolnshire (Greater Lincolnshire LEP)
- Leicester and Leicestershire (The Leicester and Leicestershire Enterprise Partnership)
- South East Midlands (SEMLEP)
Any eligibility criteria
- Exciting growth companies: with fewer than 250 staff members and less than €50m revenue or €43m balance sheet
- Smaller companies with less than 7 years of commercial revenue
- Material presence in the region
- Opportunity for sustainable employment growth and high-quality, local job creation
- Plans to launch new products and services
Contact information:
Midlands Engine Investment Fund
