East Midlands news: MEIF launches £400m second round, Rolls-Royce record profit and more business headlines

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British Business Bank launches £400m war chest to support Midlands firms     An investment fund which has supported more than 700 businesses and created over 4,000 jobs across the Midlands is launching another round of capital today. The first round of the Midlands Engine Investment Fund (MEIF) was opened by the British Business Bank to much fanfare in 2017 since when the £300 million war chest has supported small companies across the west and east of the region. Now, a second round is opening for applications, this time with £400 million earmarked by the government-owned bank to support young and growing companies across the Midlands. MEIF II is split into three different sections, offering loans, debt finance and equity from £25,000 up to £5 million. Click through below to find out more about the fund.   Read more

More East Midlands business news Great British Railways HQ still on track £3m contemporary classic car hub to open GeoPura to create 400 new jobs after sealing £56m investment More than 250 homes to be built on edge of Clifton Store undergoes a rebrand with fresh look and new name Lockdown date leads to couple launching consultancy together Plan to turn historic mill into flats and houses

Rolls-Royce reports record profits as boss hails transformation project     Rolls-Royce has reported a record year as profits increased considerably following measures implemented to transform the business. The results show the manufacturing giant has achieved operating profits of almost £1.6 billion in the last year. This is a big improvement on 2022 profits of £672m. Meanwhile, revenues grew from almost £12.7 billion to £15.4 billion, as well as the company posting a record free cash flow of almost £1.3 billion.   Read more

East Midlands what's on news Historic pub to get £300,000 renovation Huge outdoor cinema to visit Nottinghamshire this summer Vicky McClure and Jonny Owen's daytime nightclub event coming city Inside new bar and grill at former pub Wollaton Hall music festival announced after Splendour cancellation Touring restaurant opens in Derby Wetherspoon pubs hosting beer festival

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