Predict your next investment

Public-Private Partnership
meif.co.uk

See what CB Insights has to offer

Investments

68

Funds

1

About Midlands Engine Investment Fund

The Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, provides commercially focused finance through Small Business Loans, Debt Finance, Proof of concept and Equity Finance funds. Combining funding from LEPs, the European Regional Development Fund, and the European Investment Bank, together we provide business support and over £250m of investment to boost small business growth in the Midlands.

Midlands Engine Investment Fund Headquarter Location

Foundry House 3 Millsands

Sheffield, England, S3 8NH,

United Kingdom

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Midlands Engine Investment Fund News

Black Country manufacturer secures £250,000 to scale up operations and create new jobs

Jan 18, 2022

Black Country manufacturer secures £250,000 to scale up operations and create new jobs Solutions by Jigsaw has secured the funding from The Midlands Engine Investment Fund (MEIF) Solutions by Jigsaw manufactures, designs and installs infrared heating systems to replace traditional gas boiler central heating in homes and businesses. Sign up to FREE email alerts from BusinessLive - West Midlands - articles, insight and analysis straight to your inbox every morningInvalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice A Black Country manufacturer has secured a £250,000 loan to scale up its operations and create more than a dozen new jobs. Solutions by Jigsaw will use the finance from The Midlands Engine Investment Fund (MEIF) to help it introduce new products to UK and European markets - and create 20 new jobs over the next three years. The Halesowen company manufactures, designs and installs infrared heating systems to replace traditional gas boiler central heating in homes and businesses. The firm claims its wall or ceiling-mounted units are twice as efficient as other heating solutions and designed to support both a reduction in heating bills and carbon emissions. Solutions by Jigsaw is also partnering with market leading European manufacturers to explore opportunities to enter new sectors with a focus on equestrian heating solutions. CEO Glenn Billingham said: "By 2025, the UK Government plans to stop the use and installation of gas boiler systems in new build properties. We are proud that we are working to achieve this and that our products support other key UK and global initiatives which include moving towards either low or net carbon emissions whilst also addressing medium term issues which are linked to energy poverty. "The funding will enable us to carry out our expansion plans by creating 20 new jobs, delivering existing products whilst adding to our range helping homes, businesses and future customers to work towards and achieve cleaner, greener technology." Want more business news straight to your inbox? BusinessLive is your home for business news from around the country - and you can stay in touch with all the latest news through our email alerts. You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we'll send out breaking news alerts for any stories we think you can't miss. Visit our email preference centre to sign up to all the latest news from BusinessLive. Andy Long, investment manager at The FSE Group, which manages the MEIF Debt Finance Fund, said: "The energy sector is most definitely a market which is diversifying, growing and looking at new ways to achieve reductions in carbon emissions, which is pivotal in achieving a sustainable future. "Glenn has an incredibly committed, strong and agile management team, with a sound knowledge of the industry and they are well placed to support the business taking it forward to the next level. We were pleased to be able to support the business with the funding required to help them achieve these growth plans." Tom Westley, chair of the Black Country Local Enterprise Partnership (BCLEP) Board, added: "The last two years have been challenging for business so it's great to be able to support Black Country companies like Solutions by Jigsaw to upscale their business and in the process support job creation. "The Black Country LEPs role is to support business in recovering and expanding so we continue to see our local and regional economy grow and we are particularly pleased to be supporting a business that is helping to deliver our shared low carbon ambitions through cost-effective energy solutions." Read More

Midlands Engine Investment Fund Investments

68 Investments

Midlands Engine Investment Fund has made 68 investments. Their latest investment was in Konektio as part of their Private Equity on December 12, 2021.

CBI Logo

Midlands Engine Investment Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/20/2021

Private Equity

Konektio

$2.77M

Yes

2

12/14/2021

Unattributed - II

For Aisha

Yes

1

12/13/2021

Debt

SLC

$0.66M

Yes

2

12/10/2021

Unattributed

Subscribe to see more

$99M

Subscribe to see more

10

12/10/2021

Debt

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/20/2021

12/14/2021

12/13/2021

12/10/2021

12/10/2021

Round

Private Equity

Unattributed - II

Debt

Unattributed

Debt

Company

Konektio

For Aisha

SLC

Subscribe to see more

Subscribe to see more

Amount

$2.77M

$0.66M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

2

10

10

Midlands Engine Investment Fund Fund History

1 Fund History

Midlands Engine Investment Fund has 1 fund, including MEIF Small Business Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/28/2020

MEIF Small Business Fund

$51M

1

Closing Date

1/28/2020

Fund

MEIF Small Business Fund

Fund Type

Status

Amount

$51M

Sources

1

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.