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Business Lender Deliversover £6m to Help SMEs in the East Midlands and South East Midlands

Business Lender Deliversover £6m to Help SMEs in the East Midlands and South East Midlands

First Enterprise – Enterprise Loansare delighted to announce they have delivered£6.7 million of Midlands Engine Investment Fund (MEIF) small business loans to SMEs in the East Midlands and South East Midlands.


The responsible finance provider hassupporteda total of89 SMEsand created and safeguarded203 jobs in the region since the start of the MEIF loan fund in 2017.

£2.7million of this milestone has beenprovidedsince April– deliveringa much-needed lifeline to many business owners who are finding business finance especially hard to access from high street lendersbecause of the coronavirus pandemic.

Some of the businesses First Enterprise – Enterprise Loans have helped with MEIF loans since the start of the pandemic include:

  • Ripley-based Pentrich Brewing Cowho received MEIF investment to help expand its production of cask beers, helping them to make both keg and canned beer and diversify during the pandemic.
  • Derby-based polyurethane manufacturer, Complexia, who invested in new machineryfollowing MEIF investment, helping them to move into new markets. The funding also created seven new jobs.
  • Leicester-based Tuk In Foodswho secured MEIF investment to progress their ambitious growth plans which included the development of a premium ready meals range, the launch of an online delivery service and a collaboration with Michelin Starred chef, Sajeev Nair.
  • A Lincoln-based technology company, Tended Ltd,who launched a ground-breaking new safety device to help staff socially distance in the workplace following anMEIF investment.
  • Ashfield-based Dovetail Technology who grewtheir operations and fulfilled worldwide orders of their portable laptop monitors following anMEIF investment.
  • Skegness-based cheese company, Chuckling Cheese, who secured MEIF investment to adapt its business and build its online presence, creating 12 new jobs with more planned later this year.


First Enterprise – Enterprise Loans General Manager,Adrian Twelvetrees,said:

“We are delighted to have been able to supportSMEs during this incredibly difficult time for business owners.

“The MEIF fund helps SMEs fulfil a wide range of business objectives and can be used for a wide range of purposes including filling gaps in growth capital, funding expansion projects, renting commercial premises and asset acquisitions. Without it, many businesses would have struggled to meet their objectives this last year.”

As the MEIF Fund Manager for the East Midlands and South East Midlands, First Enterprise – Enterprise Loans offer small business loans ranging from £3000 to £150,000 under the scheme, which they can top up to £250,000 using other funds.

First Enterprise – Enterprise Loans supports the MEIF’s aims to transform the financial landscape for smaller businesses in the Midlands to help the region achieve economic growth through enterprise.

They are also one of the accredited delivery partners of the Coronavirus Business Interruption Loan Scheme (CBILS) which supports businesses affected by the pandemicandis managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy (BEIS).

For more information on First Enterprise – Enterprise Loans, please visit or follow @1st_Enterprise on Twitter.

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