Midlands Engine Investment Fund II

British Business Bank (delivered via regional fund managers)

Information last verified: April 2026

Stage

Idea / pre-product, MVP / early product, Early revenue, Scaling

Location

Midlands

Equity

Takes equity

Cost

Equity / debt (commercial terms)

Delivery

In-person

Any sector

Idea / pre-productMVP / early productEarly revenueScaling

£400M British Business Bank fund covering the whole of the Midlands, West Midlands, East Midlands and South East Midlands (Birmingham, Wolverhampton, Coventry, Warwickshire, Worcestershire, Nottingham, Derby, Lincolnshire, Leicestershire and more). Launched February 2024. Three tiers: smaller loans £25k–£100k (BCRS Business Loans, First Enterprise), debt finance £100k–£2M (Frontier Development Capital, Maven), and equity investment up to £5M (Mercia Ventures). Apply via the relevant fund manager for your location. 200+ businesses backed to date.

Why this programme

Raise funding

The main government-backed equity and debt fund for Midlands businesses, £25k loans up to £5M equity, covering every part of the Midlands with dedicated local fund managers

Scale & grow

Equity investment up to £5M specifically for Midlands businesses ready to scale, delivered through dedicated local fund managers

Interested in Midlands Engine Investment Fund II?

Head to their website for current cohort dates and how to apply.

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