Regional fund manager launches 1-2-1 support sessions for local businesses to help address funding and support needs across East & South East Midlands
Maven Capital Partners (“Maven”) has launched a series of 1-2-1 business growth clinics set to start in the month of June. 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 East & South East Midlands, who has a dedicated fund manager for each sub-region they operate in, the clinics will support businesses from across the South East Midlands (SEMLEP), Greater Lincolnshire, Leicester & Leicestershire and D2N2 (Derby, Derbyshire, Nottingham and Nottinghamshire) 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 East & South East 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 growth needs.
Appointed by the British Business Bank in February 2017, the Maven Debt Finance Fund – East & South East Midlands, has already provided around £20 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 East & South East Midlands. Maven has completed 55 loans ranging from £100,000 to £1.5 million to businesses across the East & South Midlands.
Jonathan Lowe, Investment Director at Maven, says: “Providing important funding support to businesses locally is something that we are fully committed to. The East & South East Midlands investment team has a good understanding of the regional market and with all of them having extensive experience in the banking and venture capital sector, they are more than ready to provide these 1-2-1 sessions which will be tailored to advise businesses on their funding needs. We look forward to speaking to all businesses that have an aspiring management team and a clear vision for growth.”
“Maven have been central in providing a range of funding and investment opportunities since the Fund’s inception and we continue to work with 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.