Midlands Engine Investment Fund ‘on track’ after uncertain start

L-R: Lauren Tunnicliffe (British Business Bank), Jon Whitmore (Rent Chief), Patrick Shuker (Rent Chief), David Baker (Mercia)
The Midlands Engine Investment Fund has significantly increased the rate it is getting money to the region's businesses after doubling its lending since January. More than £15m has been committed in the last five months with the fund appearing to have now got past a troubled start. The £250m fund was trumpeting a “£50m milestone” at an event held in Leicester although it has so far committed £31m with the remaining £19m leveraged from the private sector.  It has made more than 150 investments in firms across the Midla... 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...