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NPS: Midlands Engine Investment Fund Briefing
Tue 25 April 2017, 08:00 – 09:30 BST
NPS will host a breakfast briefing on the new £250m Midlands Engine Investment Fund aimed at boosting the region’s economy and supporting the growth ambitions of its 460,000 smaller businesses.
The fund, a joint agreement between the British Business Bank and eleven Local Enterprise Partnerships (LEPs) in the East & South East and West and East Midlands, is expected to bring together legacy funding from existing programmes, new funding from the British Business Bank and new European funding into a single ‘fund-of-funds’ structure. The funds will provide equity, debt, small business loans and early stage / proof-of-concept funds.
This new source of funding is aimed at higher-value start-ups and rapidly growing businesses and seeks to address a number of barriers including a grant dependency culture, lack of awareness or understanding of different types of finance and low or cautious ambitions for some businesses.
Breakfast included: croissants, pastries and fresh fruit.