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Verified source: gov.uk — Business finance supportLast verified 21 Jun 2026

Midlands Engine Investment Fund II – Debt Fund

Flexible loans for SMEs in the Midlands Engine area looking to grow.

Trusted by UK small businesses

Key facts

Funding amount
£100,000 to £2,000,000
Deadline
Rolling – no fixed deadline
Region
East Midlands and West Midlands
Business type
Small businesses & SMEs
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Plain English summary

The Midlands Engine Investment Fund II offers flexible loans ranging from £100,000 to £2,000,000 to small and medium-sized businesses in the Midlands. This funding can support various growth initiatives such as working capital, asset purchases, product development, staff expansion, and marketing, but cannot be used for refinancing existing debt.

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Who this is best for

  • Small businesses & SMEs
  • Organisations based in East Midlands and West Midlands
  • Projects aligned with business grants
  • Teams seeking funding around £100,000 to £2,000,000

Who should not apply

  • Individuals applying in a personal capacity (unless explicitly permitted)
  • Organisations based outside East Midlands and 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
gov.uk — Business finance support
Last verified
21 Jun 2026

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