The Midlands Engine Investment Fund II will deliver £400 million of new funding to small and medium-sized businesses across the Midlands.

The fund aims to build on the success of the first Midlands Engine Investment Fund and will drive sustainable economic growth by supporting innovation and creating opportunities for new and growing businesses in the Midlands.

The Midlands Engine Investment Fund II offers a range of commercial finance options with debt finance from £25,000 to £2 million and equity investment up to £5 million. The fund covers the whole of Midlands, including the West Midlands, East Midlands and South East Midlands.

The Midlands Engine Investment Fund II is increasing the supply and diversity of early-stage finance for smaller businesses across the Midlands, providing funds to businesses that might otherwise not receive investment and helping to break down barriers in access to finance.

The new fund has embedded Enivronmental, Social and Governance (ESG) awareness into its design and will help support the UK economy’s transition to net zero.