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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.
Funds Available
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Latest News from the Northern Powerhouse Investment Fund II
Press release
Blog post
Press release
Northern Powerhouse Investment Fund II Events
Northern Powerhouse Investment Fund II – Lancashire Roadshow
- Lancashire, AMRC North West, Roy Chadwick Way, Samlesbury Enterprise Zone, Mellor Brook, Blackburn BB2 7HP
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5 September 2024
Northern Powerhouse Investment Fund II - Tees Valley Roadshow
- Middlesbrough Football Club, Middlesbrough TS3 6RS
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10 September 2024
Northern Powerhouse Investment Fund II - Cumbria Roadshow
- Swan Hotel, Newby Bridge LA12 8AX
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25 September 2024
Northern Powerhouse Investment Fund II Success Stories
The Padel Club
Founded in 2020, Kris Ball launched The Padel Club after recognising its rising popularity while working abroad. With no courts available in his local area, Wilmslow, Kris decided to start the business in the anticipation that demand for the sport would take off.
Littlefair’s
Based in Blackburn, Littlefair's Wood Finishing Products, an award-winning and environmentally-friendly wood finishing products brand, has raised £75,000 from NPIF II
Change Accountants
A York accountancy firm has secured a six-figure loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II), to support its continued growth following its acquisition of another local practice.
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