Regional fund manager launches 1-2-1 support sessions for local businesses to help address funding and support needs across West Midlands regions.
Maven Capital Partners (“Maven”) has announced a series of 1-2-1 business growth clinics set to launch this month. The funding support sessions will help enable companies to identify and apply for the most suitable type of finance to meet their funding needs. Run by Maven’s local investment team in the West Midlands, who have a dedicated fund manager for each sub-region they operate in, the clinics will support local businesses from across the Black Country, Worcestershire, The Marches, Coventry, Warwickshire, Stoke-on-Trent, Staffordshire, Greater Birmingham and Solihull regions.
The goal is to ensure the widest range of businesses can access, use and benefit from the clinics to improve their financial awareness and confidence, meaning more West Midlands based businesses are growth capital ready. Each business will register for a time slot with their local fund manager who will provide bespoke support and discuss their business and growth needs.
Appointed by the British Business Bank in February 2017, the Maven Debt Finance Fund – West Midlands, has already provided over £30.1 million to businesses via the Midlands Engine Investment Fund, which is managed by Maven and is supported by Local Enterprise Partnerships (LEPs) and Combined Authorities in the West Midlands. Maven has completed 67 loans ranging from £100,000 to £2 million to businesses across the West Midlands.
Chris Rogers, Investment Manager at Maven, says: “We recognise the importance of proactively providing support to businesses on a local level. Our investment team has considerable knowledge of the local SME market and are well-equipped to deliver 1-2-1 sessions tailored to the individual growth needs of businesses. We look forward to discovering new businesses and meeting ambitious management teams who are ready to take the next step in their growth journey.”
“Maven has been a key player in providing a range of funding and investment readiness since the Fund’s inception and we continue to reach out to businesses and help boost access to debt finance. The Fund’s positive impact on businesses in the Midlands is already evident, fuelling the growth of ambitious SMEs across a wide range of industries, and supporting job creation across the region.”
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
