Ton up for Maven is it reaches funding landmark
The Maven MEIF Debt Fund has completed its 100th loan, according to the fund manager.
Maven says i has now provided over £43m to Midlands businesses as part of its work delivering finance through the Midlands Engine Investment Fund (MEIF).
Maven manages two debt funds on behalf of the MEIF across the West, East and South East Midlands. Working with the region’s Local Enterprise Partnerships (LEPs) and Growth Hubs, Maven has now completed 100 transactions ranging from £100,000 to £1.5m.
Recent deals include the backing of: You.Smart.Thing; an innovative travel management platform provider, Chevin Fleet Solutions; a global provider of advanced fleet management software and HNB Construction Services; a specialist in B2B modern refurbishments.
Maven has been advised by Gateley Legal on the 100 deals it has completed via the MEIF Debt Funds.
Jonathan Lowe, investment director at Maven said: “The Midlands has historically been a key driver for UK economic growth and a hotbed for growing small businesses. Achieving the milestone of 100 loans demonstrates the need for this type of debt finance, and the breadth of established, cash generative small businesses that currently exist, ready to take on finance to grow their business.”
