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Innovation Schemes

Midlands Engine Development Fund

What is the Midlands Engine Investment Fund?

The Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, provides commercially focussed finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds.

The Midlands Engine Investment Fund aims to transform the finance landscape for smaller businesses in the Midlands and to realise the region’s potential to achieve economic growth through enterprise.

MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands.

MEIF provides over £250m of investment to boost small and medium business (SME) growth in the Midlands.

If your business is located in the Midlands and you are looking to scale up, select one of the funding options from the below website to see how the fund can help.

https://www.meif.co.uk/


New Product Development Grant

Up to £5,000 is available for Staffordshire B2B businesses from the Business Innovation Centre to pay towards specialist external advice to help them research, develop or launch to market a new product or service. The grant is to assist with Research & Development Fees; IPR Fees; Product Design; ICT Advice, Legal & Financial advice, Market Research, etc. the grant will support up to 37% of the above costs.

For more information click here or contact:

Staffordshire BIC
Studio 10 Sutherland Institute
Lightwood Road, Longton
ST3 4HY
Telephone: 01782 333798
or email enquiries@thebic.co.uk