Northern Powerhouse Investment Fund II (NPIF II)

The Northern Powerhouse Investment Fund II will build on the success of the first Northern Powerhouse Investment Fund and will deliver a £660 million commitment of new funding to smaller businesses.

The fund which now includes the whole of the North East aims to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North of England.

The Northern Powerhouse Investment Fund II offers a range of commercial finance options with smaller loans and debt finance from £25,000 to £2 million and equity investment up to £5 million. The fund covers the whole of the North, including rural, coastal and urban areas.

It is increasing the supply and diversity of early-stage finance for smaller businesses across the North of England, providing funds to businesses that might otherwise not receive investment and helping to break down barriers in access to finance.

The new fund has embedded ESG awareness into its design and will help support the UK economy’s transition to net zero.

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Funds Available:

Smaller Loans £25,000 - £100,000 - Yorkshire & Humber: Cl ick to apply

Small Business Loans- For new or growing businesses

Whether you are an entrepreneur wishing to start your own business, an early stage or more established business looking to grow you may find it difficult obtaining the finance you need. Smaller Loans can be used to fill the funding gap for growth and development projects.

Debt Finance £100,000 - £2 million - Yorkshire & Humber: Cl ick to apply

For businesses that can demonstrate growth potential

As businesses grow, larger amounts of finance may be needed to move them to the next level. Funding might be for hiring a new team, launching a new product or service, funding marketing costs or purchasing new machinery or equipment, not forgetting the working capital need that accompanies all of those plans and growth in general. Debt finance is designed for companies that can demonstrate growth potential.

Equity Finance Up to £5 million - Yorkshire & Humber: Cl ick to apply

For businesses with potential for high-growth

Equity finance can be particularly important for new and innovative companies with high-growth potential as it can provide long-term backing to fund business growth through to revenue and profit. An equity-based investment could be right if you run an established business with ambitious plans, or a large startup with high growth potential.