Vision4Sport Secures Funding for Global Expansion with MEIF II

Vision4Sport Events (V4SE), a UK-based sports hospitality company, has secured £300,000 in debt funding from Maven Capital Partners through the Midlands Engine Investment Fund II (MEIF II). Founded by Chris Newbold and Karl Wesson in 2014, V4SE has emerged from a challenging pandemic period to demonstrate strong performance and aims to achieve a projected turnover of over £3 million in 2024. The funding aims to serve as working capital for strategic growth, encompassing expansion in global events such as the Abu Dhabi and Las Vegas Grand Prixs, as well as creating new jobs in sales, business development, and finance. Chris Newbold expressed optimism citing the supportive role Maven played in facilitating this investment. Jonathan Lowe from Maven emphasized their confidence in V4SE’s potential for continued growth and the strategic insights Maven will provide. Jody Tableporter, Director at British Business Bank, reinforced the impact such finance will have in scaling SMEs like V4SE, enabling them to innovate and expand. The MEIF II provides crucial financial support ranging from £25,000 to £2 million in debt finance and up to £5 million in equity investment, targeting diverse business needs across the Midlands region.