Marking this milestone for the Midlands Engine Investment Fund II (MEIF II), CSEM Technologies, a Derbyshire-based air compressor installation specialist, has secured a £250,000 debt finance package from Maven, the Fund Manager for East and South East Midlands.
Since its launch last year, the £400 million MEIF II has facilitated over £27 million of investment into new and growing businesses across the region. This has also unlocked an additional £10 million in private sector investment, bringing the total to £37 million.
CSEM Technologies provides installation, servicing, and maintenance of air compressors for a range of businesses, including well-known brands such as Howdens, Pukka Pies, and Weleda UK, as well as local councils and hospitals.
The funding will support the company’s expansion by strengthening its workforce with additional skilled engineers, upgrading its operational infrastructure, and targeting new sectors for growth.
“We were looking for ways to level up the business in terms of our offering, skillset and infrastructure, and to do so we realised that external finance would be needed. The funding from the Midlands Engine Investment Fund II has allowed us to create jobs, strengthen our core offering, and to start looking ahead at the new sectors we’re keen to target. 2025 is already looking to be an exciting year for us at CSEM Technologies."
Andy Crone, Managing Director, CSEM Technologies
"CSEM Technologies is a well-established business with a strong reputation in the air compressor sector. This funding will enable the company to invest in its workforce, enhance its operational capabilities, and explore new market opportunities. Through the Midlands Engine Investment Fund II, we are committed to supporting ambitious businesses like CSEM Technologies, providing the flexible finance needed to drive growth and create new jobs across the region.”
Richard Brighty, Investment Manager at Maven
"Celebrating more than 100 deals for the Midlands Engine Investment Fund II almost one year after its launch marks a significant milestone for the fund and demonstrates the importance of access to small business finance. With more than £27m invested already and a further £10m unlocked in private sector funding, the appetite here in the Midlands for doing business is strong. The British Business Bank is here to support businesses looking to grow and scale, across the whole of the Midlands, and we look forward to continuing this important work.”
Jody Tableporter, Director of Nations & Regions Investment Funds at the British Business Bank
Through MEIF II – Debt Finance East and South East Midlands, Maven provides flexible finance solutions to support various business needs, including working capital, machinery purchases, capital expenditure, export finance, product development, and team expansion.
To date, the Fund has backed a diverse range of businesses, including, including, Digital Urban, an immersive technology company, Panoramix, an IP law firm, Advance Tapes, an independent adhesive tapes manufacturer, DUKE Distribution, a logistics and trackway installation provider and Vision4Sport, a sports hospitality specialist.
As Fund Manager of MEIF II - Debt Finance East and South East Midlands, Maven can provide business loans from £100,000 to £2 million to support both earlier and later stage businesses with real growth potential across a range of sectors. If your business, or the business you advise, is considering debt finance to support future growth please, click here.