The Midlands Engine Investment Fund II has marked over 100 deals across the Midlands. The fund has driven over £27m of investment into new and growing businesses across the region since its launch last year. An additional £10m of private sector investment has also been unlocked to help small businesses scale and grow, bringing the total to £37m.
The latest deal in the East Midlands for the Midlands Engine Investment Fund II is a £250,000 debt investment in specialist air compressor installation business CSEM Technologies, via appointed fund manager Maven Capital Partners.
CSEM Technologies provides installation, servicing, and maintenance of air compressors for a wide range of businesses, including well-known brands such as Howdens, Pukka Pies, and Weleda UK, as well as local councils and hospitals.
The company will use the funding to strengthen its workforce by hiring additional skilled engineers and upgrading its operational infrastructure, and to target new sectors for growth.
Andy Crone, Managing Director, CSEM Technologies, said: “We were looking for ways to level up the business in terms of our offering, skillset and infrastructure, and to do so we realised that external finance would be needed.
“The funding from the Midlands Engine Investment Fund II has allowed us to create jobs, strengthen our core offering, and to start looking ahead at the new sectors we’re keen to target. 2025 is already looking to be an exciting year for us at CSEM Technologies.”
