The FSE Group is delighted to announce the appointment of Leo Magee as Investment Manager. Leo joins the Group’s Midlands team which manages the MEIF Debt Finance Fund. He will be responsible for supporting eligible SMEs within the Derbyshire, Nottinghamshire and Lincolnshire regions.
Leo has spent 40 years within the Commercial Banking sector, holding senior positions at Lloyds Bank, including roles as a Relationship Director and Business Development Manager. He was accountable for the market footprint of the commercial business in the East Midlands area with specific responsibility of sourcing and winning new client businesses. He has a background in managing complex business development projects which facilitates his passion for making a difference in local communities.
Andy Moss, Head of Fund at The FSE Group, which manages the MEIF Debt Finance Fund commented: “We welcome Leo as Investment Manager joining The Midlands Team. Leo brings with him a wealth of experience which will help us in supporting eligible SMEs within his dedicated region. His focus on developing strategies which invest in future sustainable business success will be key in delivering our team objectives for our stakeholder, strengthening the local economy.”
MEIF Debt Finance Fund can be used for expansion related activities which will deliver substantial growth impact within the area. Through this fund, eligible SMEs can secure growth loans ranging from £100,000 ‐ £1,500,000 which could be used for Sales and Marketing activity, hiring of new employees/job creation/new product development/exporting abroad/purchasing new equipment/entering new markets.
Leo Magee, Investment Manager at The FSE Group, adds: “After a career within the Commercial Banking sector, I am pleased to have joined The FSE Group and am looking forward to working with the team. It is both encouraging and rewarding to work with and to be able to support local SMEs to help them achieve their growth ambitions, creating employment opportunities for the region and increasing regional prospects.
Grant Peggie, Director at the British Business Bank added: “We’re pleased to see The FSE Group strengthen their team across the East and South East Midlands by bringing additional resource on board to help ensure small businesses have access to the finance they need to meet their growth plans.”
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014‐2020 and the European Investment Bank.