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Foresight MEIF Equity Finance

As appointed Fund Manager to the Midlands Engine Investment Fund (MEIF), Foresight will offer equity investments of up to £2m to growing small and medium sized enterprises (SMEs), predominantly in the East and South East Midlands.

£35m available

£35m is available for investment over the next 5 years.

SME status

Funding is available for small and medium sized enterprises.

£2m per investment

Up to £2m equity investment is available per SME.

What is the Midlands Engine Investment Fund (MEIF)?

MEIF is funded by the European Regional Development Fund, European Investment Bank, UK government and Local Enterprise Partnerships. The initiative has been launched by the government-owned British Business Bank, in collaboration with ten LEPs in the Midlands.

MEIF will provide a total of over £250m of equity and loans to boost small and medium business growth in the Midlands. It is a key part of the government’s vision aimed at boosting the region’s economy and supporting the growth of smaller businesses.

MEIF’s funding will support new and growing SMEs, create jobs and encourage and attract additional private sector investment.

Combining the LEPs’ knowledge of local businesses and economic conditions with the experience and resources of the British Business Bank, MEIF’s funding will support new and growing SMEs, create jobs and encourage and attract additional private sector investment.

With their MEIF allocation, Foresight are seeking to back high quality management teams in differentiated businesses with ambition to grow and, ultimately, realise value for all shareholders.

Foresight will be responsible for helping to realise the region’s potential - achieving economic growth and job creation through enterprise. Initial capital of £35m is available for investment over the next five years.

The four local enterprise partnerships (LEPs) Foresight will be working across are: 

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)

What type of Companies are eligible?

• Exciting growth companies: fewer than 250 staff members and less than €50m revenue or €43m balance sheet

• SMEs: less than 7 years old or entering new markets

• Material presence in region

• Strong management teams with backable business plans

• Potential for shareholder value growth

• Sustainable employment growth

• Launching new products and services

• Potential to co-invest

• Clear and realistic exit strategy

Which type of Companies would not be eligible?

• Long-established companies

• Companies in financial difficulty

• Companies who can obtain finance through mainstream commercial investors/lenders

• Requests for grants

• Ineligible trades such as tobacco/weapons/gambling

• Non-differentiated businesses

If you could like to find out more, submit a business plan, or contact the team directly use the links below. 

For all general enquiries

For enquiries of a general nature, complete our enquiry form and a member of our team will be in touch shortly.

Submit your application for MEIF

If you would like to submit an application for MEIF funding, complete the application form and a member of our team will be in touch.

Contact the team directly

Contact the team in our Regional office locations.

To find out more about partnering with Foresight, contact our SME investment team

SME Investment Team

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