Midlands Engine fund picks up pace after uncertain start
The Midland Engine Investment Fund says it has reached a £50m milestone.
The Fund says it has made over 150 investments in firms across the Midlands - including £19m of private sector leverage.
The figure is despite a slow start to the Fund. In January, TheBusinessDesk.com revealed that just 6% - or £15m - had been paid out to firms.
The £250m fund was announced by George Osborne in his final Budget in March 2016. Problems with the procurement process meant that it was August 2017 when the first £120m became available an... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...