Date de publication: 30 janvier 2017
Promoteur – Intermédiaire Financier
British Business BankLieu
Description
The Midlands Engine Investment Fund is a collaboration between the British Business Bank and ten local enterprise partnerships in the East & Southeast and West Midlands. It consists of a GBP 288m fund-of-funds that aims to support a wide range of firms at different points in their development: from early-stage businesses seeking seed equity or small business loans, to small and medium-sized enterprises (SMEs) wanting loans or equity funding to take advantage of growth opportunities. Under the terms of the UK SME Financial Instruments Programme approved by the EIB in 2015, the EIB would contribute GBP 122.5m to the fund, which also mobilises European Structural Investment Funds (ESIF), as well as other national grants and loans. The Midlands Engine Investment Fund will be managed by British Business Financial Services Ltd (BBFSL), an entity fully owned and controlled by the British Business Bank (BBB), a government-owned financial institution set up to support economic growth by making finance markets work better for smaller businesses in the UK.
Objectifs
The Midlands Engine Investment Fund will provide over GBP 250m of lending and investment to smaller businesses and thereby support the growth ambitions of 460,000 smaller businesses in the Midlands. The fund will also attract additional private sector funding and contribute to creating a sustainable ecosystem of high-growth companies alongside the support network of funders and advisors that they need.
Secteur(s)
Montant BEI envisagé (montant approximatif)
GBP 122 million (EUR 143 million)
Coût total (montant approximatif)
Not applicable.
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 23/03/2017
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).