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Midlands Growth Fund

Supporting long-term growth

The Midlands is home to almost 15% of the UK’s high-growth businesses, making it one of the most cost-effective regions for small and medium-sized businesses in the UK. The Barclays Midlands Growth Fund aims to support these SMEs while boosting jobs and economic growth in the area.

We’ve made £370m1 funding available to SMEs in the Midlands. The 5-year initiative sits alongside the government’s £250m Midlands Engine Investment Fund2(MEIF), which supports over 1,400 smaller businesses and aims to create around 3,800 new jobs. We’re also offering business expertise and support with a team of 320 dedicated Relationship Management experts in the region.

The fund provides a variety of lending services to support the growth plans of SMEs including

  • Up to £250,000 overdraft limit for working capital3 for manufacturing businesses
  • Cashflow funding for investment in growth, management buy-outs and business acquisition
  • Debt support for innovative businesses looking for growth funding or capital investment
  • Support with funding from our Midlands Growth Fund, the MEIF – or both.

Subject to application and status

Eligibility

Our fund is for small and medium-sized enterprises, including

  • Established businesses with ambitious growth plans
  • Start-ups with high growth potential
  • Companies with early-stage equity funding
  • Businesses focusing on innovation, technology and research and development

Ready to apply or find out more?

To find out more or to apply, speak to us today.

Existing Barclays customer?

Give us a call 0345 605 23452 4

Don’t have an account with us?

Click through to see if we can lend to your business or call us on 0800 515 462.

All lending products are subject to status and application, and must be used for business purposes. Security may be required. Early settlement fees may apply.

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