Maven opens Nottingham office to manage £40m MEIF Maven Debt Finance

The new office will add to Maven’s strong presence across the Midlands enabling it to provide the necessary support to local companies, both in terms of the initial investment process and ongoing support as those businesses grow.

David and Sajid have responsibility for new MEIF investments across the East and South-East Midlands, as well as managing portfolio investments across the region. David joins Maven following a 35-year career with two high street banks, primarily in the SME commercial and corporate banking sectors. Most of his banking career has been in the East Midlands region. Before joining Maven, David also ran his own business advisory company, offering support and guidance on a variety of banking issues to SME clients. Sajid joined Maven at the start of January 2018, having previously worked within the Corporate Finance team at Grant Thornton and, prior to that, Orbis Partners. During his Corporate Finance career Sajid has worked on transactions across Technology, Manufacturing and the Food & Beverage sectors.

These appointments follow the announcement of Maven’s appointment to manage £90 million MEIF Debt funds, focused on providing debt funding to high-potential growth businesses located across both the West Midlands and the East and South-East Midlands regions. Composed of two separate funds, of £50 million for SMEs located in the West Midlands, and £40 million for growth businesses in the East and South-East Midlands, the Fund will provide finance of between £100,000 and £1.5 million.

Maven is one of the UK’s most active private company investors, with a long established record of working with advisers and supporting SMEs across the Midlands, and already manages a number of regional debt or equity mandates across the North of England and Scotland.

“At Maven we understand the importance of having a local presence which is why we have offices at the heart of the main centres of UK business and transaction activity. We are delighted to welcome David and Sajid to the team and to strengthen our presence across the region. We have built a highly skilled team with considerable in-depth knowledge of the local SME market, and a range of sectors, allied to the national resource of Maven’s UK business.

"The Midlands has a well-deserved reputation as being a key driver in UK economic growth and producing innovative smaller businesses and our MEIF Debt Fund team is very much looking forward to working in partnership alongside Midlands SMEs.”

Jonathan Lowe, Investment Director at Maven for the East and South-East Midlands team 

If your business is in need of finance to help unlock its growth potential, MEIF Maven Debt Finance may be able to help. Contact Maven’s local team today to find out more.