What is MEIF?
The Midlands Engine Investment fund is a collaboration between the British Business Bank and 10 Local Enterprise Partner (LEP) areas - this includes Stoke and Staffordshire which covers the Moorlands. MEIF has been designed to provide greater support to the region's smaller businesses, accelerate economic growth and promote job creation - in line with the Government's Midlands Engine Strategy
How can it help?
- £30million of small (SME) business loans ranging from £25,000 to £150,000 available including for start-up firms; Further information & how to apply
- £90million of debt finance available from £100,000 to £1.5million.Further information and how to apply
- Equity funding up to £2 million Further information and apply
- Proof-of-Concept early stage equity finance up to £750,000
For further help and support contact Stoke & Staffordshire Growth Hub business helpline Tel: 0300 111 8002
