£5m Investment Programme Opens for Midlands Businesses

Private investment is available to established businesses seeking finance for expansion and development

MOmentum VC is a private investment fund established by businessman and entrepreneur Mo Chaudry using his personal wealth. It was launched in partnership with Staffordshire Chambers of Commerce, which supports the scheme, assists applicants with preparation and facilitates the selection process.

The scheme is intended to support entrepreneurship, business growth and employment in Staffordshire and the wider Midlands. It provides private investment to established early-stage and growth businesses seeking finance to expand their operations.

Applications are invited from businesses based across the Midlands. Applicants must have moved beyond the initial start-up stage and demonstrate a proven business model, an existing revenue stream and a clear opportunity for growth.

The total available is £5 million, with individual businesses able to receive up to £250,000. The amount offered will depend on each proposal and its investment requirements.

Capital can be used for growth and development activities, including purchasing equipment or machinery, entering new markets, recruiting staff and expanding operations. It can also support significant business development opportunities where investment is expected to assist the next stage of growth.

Successful applicants may also receive access to experienced business mentors and guidance through Staffordshire Chambers of Commerce. This support is intended to help businesses implement their growth plans and develop their operations.