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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.
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Latest News from the Northern Powerhouse Investment Fund II
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Northern Powerhouse Investment Fund II in the news
Manufacturer rolls out world’s first self-cleaning kiosk
25 July 2025
A company that makes the self-service kiosks used to place orders in Argos stores and fast-food restaurants has secured funding to help it roll out the world’s first self-sanitising kiosk at locations worldwide.
Learn more about manufacturer rolls out world’s first self-cleaning kioskNPIF II – NEL backs growth and job creation at Middlesbrough-based engineering supplier
24 July 2025
Middlesbrough-based Valves & Flow Control Resources Limited (VFCR) has secured a five-figure investment from NPIF II – NEL Smaller Loans, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II.
Learn more about NPIF II – NEL backs growth and job creation at Middlesbrough-based engineering supplierVisual Architects transforming spaces with NPIF II backing
15 July 2025
Manchester-based event and interior design business Visual Architects has received a six-figure loan to accelerate its growth and expand its global client base.
Learn more about visual Architects transforming spaces with NPIF II backingNorthern Powerhouse Investment Fund II Success Stories
Mechplant
One of the North East’s most established plant hire businesses is set to build on decades of success after securing an investment from NPIF II - NEL Debt Finance, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).
FiftyPlus Longevity
A new health and wellness centre purpose-built for older adults in North Tyneside is set to open its doors thanks to a five- figure investment from NPIF II - NEL Debt Finance, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).
Magnitude Biosciences
Magnitude Biosciences, a specialist contract research organisation (CRO) in County Durham offering in vivo discovery of treatments for age-related conditions and other diseases using C. elegans, secured over £706,000 in combined funding to scale up its high-throughput screening (HTS) platform
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