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Innovation Funding
Verified source: Innovate UK Business Connect FundingLast verified 28 Sept 2026

British Business Bank Midlands Engine Investment Fund II

The Midlands Engine Investment Fund II will deliver £400 million of new funding to small and medium-sized businesses across the Midlands.

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Key facts

Funding amount
Loans of £25k-£2m, equity finance up to £5m
Deadline
Rolling – no fixed deadline
Region
East Midlands, West Midlands
Business type
Small businesses & SMEs
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Plain English summary

This fund provides a significant £400 million of new funding for small and medium-sized businesses across the Midlands. It offers a mix of loans from £25,000 to £2 million and equity finance up to £5 million, aiming to support growth, innovation, and help businesses transition to net zero. Applications are open all year round for businesses in the East and West Midlands.

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Who this is best for

  • Small businesses & SMEs
  • Organisations based in East Midlands, West Midlands
  • Projects aligned with innovation funding
  • Teams seeking funding around Loans of £25k-£2m, equity finance up to £5m

Who should not apply

  • Individuals applying in a personal capacity (unless explicitly permitted)
  • Organisations based outside East Midlands, West Midlands
  • Large enterprises above SME thresholds
  • Applicants who cannot meet the official eligibility criteria below

Eligibility checklist

Tick what applies to your organisation before applying.

Official source

Funding body
Innovate UK Business Connect Funding
Last verified
28 Sept 2026

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