Review on Midlands Engine Investment Fund by Farhad Muradov
My review on MEIF
Hi dear readers, today I am going to share my review on Midlands Engine Investment Fund.
So this investment firm was founded in 2014 by British Bank and ten of local enterprise partnerships. This fund is supported by the European Regional Development Fund. Provides services such as : Debt Finance, Proof of concept and Equity Finance funds, Small Business Loans. The main activity is aimed at improving and developing the economic situation in the region of Midlands.
Midlands Engine Investment Funds invests for small business loans about 25k - 150k £. For debt finance 100k - 1.5£ millions. Equity Finance about 50k - 2£ millions. And for Proof of Concept about £750 000.
Pros
- Collaboration of bank and local entreprises
- support local development
Cons
- concentrated only on Midlands
