£207M in investment funds launched for tech-driven Midlands enterprises

Frontier Development Capital (FDC) and Mercia Ventures have unveiled new investment funds aimed at equipping management teams with the necessary resources to penetrate new markets, invest in innovative equipment, or enhance hiring efforts to spur growth and expansion.

Administered by FDC and Mercia Ventures, these funds originate from the British Business Bank’s Midlands Engine Investment Fund II (MEIF II). Collectively amounting to £207 million, the funds are strategically aimed at enterprises poised to deliver a profound impact, with an emphasis on the historically underserved Midlands regions.

The MEIF II Debt Finance initiative is offering loans ranging from £100,000 to £2 million. This opportunity is sector-agnostic, extending to various industries throughout the region. Concurrently, MEIF II Equity Finance is set to provide up to £5 million in investments for companies on the brink of significant growth, while Mercia Ventures focuses on supporting innovative founders and enterprises with robust growth aspirations.

Andy Green, Deputy Fund Principal at FDC, stated: “Both FDC and Mercia are dedicated to forging lasting relationships with entrepreneurs, extending beyond mere financial assistance. With a commitment to promoting diversity, equity, and inclusion, these funds welcome applications from all sectors, particularly those from underrepresented networks within the Midlands.

“This is not just an investment in your business; it’s a partnership for growth. If you’re ready to take your business to the next level, now is the time to explore these opportunities and plant the seeds for a remarkable future.”