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 purpose of the Fund is to transform the finance landscape for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth through enterprise
Foresight is an appointed Fund Manager to the Fund offering equity investments of between £250,000 and £2 million to businesses in the East Midlands. Foresight manages a £35 million tranche of the Fund and has deployed close to £10 million since March 2018.
Ray Harris is the Investment Principal responsible for deployment. To mark the one-year anniversary of MEIF, Ray discusses Foresight’s progress so far and the learnings to date.