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Midlands Engine Investment Fund II invests £17 million into the region’s businesses

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The British Business Bank’s Midlands Engine Investment Fund II has committed over £17m in the Midlands in its first nine months, leveraging a further £10m from the private sector to help the region’s small and medium-sized businesses to start up, scale up or stay ahead.

The British Business Bank’s Midlands Engine Investment Fund II has committed over £17m in the Midlands in its first nine months, leveraging a further £10m from the private sector to help the region’s small and medium-sized businesses to start up, scale up or stay ahead.A total of 70 businesses have received support through the Midlands Engine Investment Fund II since its launch in February 2024.

Cheese manufacturer and wholesaler Nantwich Cheese, from Shropshire, and digital marketing and brand agency Exesios in Staffordshire are among those who have been supported by the fund. “The Midlands Engine Investment Fund has also acted as a catalyst for private sector investment - helping to secure a further £10m, bringing the total investment into Midlands businesses to £27m. It is clear that this is just the beginning for the fund and the ambitious firms that access it.”

In August, it was reported Nantwich Cheese had secured £1 million in debt funding from the Midlands Engine Investment Fund II, through its appointed fund manager Frontier Development Capital .

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