Launch of the Northern Powerhouse Investment Fund II provides £660m boost for business

The Northern Powerhouse Investment Fund II (NPIF II), aims to build on the success of the initial fund, with the purpose of driving sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North.

It will increase the supply and diversity of early-stage finance for Northern smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.

Providing loans from £25k to £2m and equity investment up to £5m, the Fund now includes the whole of the North East enabling businesses across the whole of the North to access the Fund to start up, scale up or continue on their growth journey.

Applications for funding can be made at www.northernpowerhouseinvestmentfund.co.uk