Regional funding for growing businesses

An example of equity funding is the £660 million Northern Powerhouse Investment Fund II, set to deliver new funding to small businesses across the North of England, including the North East. This Fund aims to stimulate sustainable economic growth by fostering innovation and creating opportunities for new and growing businesses in all areas of the North. Offering a variety of commercial finance options, the Fund provides smaller loans and debt finance ranging from £25,000 to £2 million, and equity investment up to £5 million.

An example of regional debt funding is the Midlands Engine Investment Fund II (MEIF II), which operates across the West Midlands and East and South East Midlands, providing commercially focussed finance through Small Business Loans, Debt Finance, and Equity Finance funds to eligible companies. 

Funds are run in a commercially sustainable way, promoting borrowing and investing for growth.

Depending on the stage of growth of your business and the type of funding you are applying for, each Fund will have its own eligibility criteria. The regional funds Maven manages, on behalf of clients such as the British Business Bank, are aimed at ambitious SMEs with high growth potential who are looking to scale up or stay ahead and are only available to businesses who are located within the geographical area specified. For more detailed information on eligibility and the regions covered, you should visit the dedicated webpage for each fund.