Midlands Engine Investment Fund - aVenture Asset Manager Research
Location
Sheffield, South Yorkshire, GB
Founded
2017
The Midlands Engine Investment Fund (MEIF) focuses on providing growth capital to small and medium-sized enterprises (SMEs) in the Midlands region of the UK. It offers a range of financial products including Small Business Loans, Debt Finance, Proof of Concept, and Equity Finance. MEIF typically invests in seed and debt financing rounds, with investment amounts varying based on the specific needs of the business. The fund aims to transform the finance landscape for SMEs in the West Midlands, East Midlands, and South East Midlands.
Notable portfolio companies include Covatic, which has raised $970,000, LJ General Builders with $250,000, and Sylvan Enterprises with $500,000. MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs), supported by the European Regional Development Fund. The fund's investment philosophy centers on fostering economic growth through enterprise by providing over £400 million in investments to boost regional SMEs. MEIF also offers value-added services such as strategic guidance and networking opportunities to help portfolio companies scale effectively.
Midlands Engine Investment Fund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies3
Current Portfolio Count3
Top Investment Stages
Seed1 (100.0%)
Stage Mix
Seed 100%
Concentration shown as share of disclosed investments by stage.
