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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
Sustainable flooring company lands £80k NPIF II boost
04 March 2026
Uplyfted Services Ltd has secured £80k from the Northern Powerhouse Investment Fund II. The company collects used carpet tiles from office refurbishments, professionally cleans them, and redistributes them for installation in social housing. The funding will support Uplyfted’s expansion into the commercial office and school markets:
Learn more Sustainable flooring company lands £80k NPIF II boostPXN Ventures launches PraeSeed programme for startups
27 February 2026
PXN Ventures has reopened applications for its PraeSeed investment programme, recruiting a third cohort and targeting founders across the North of England with a six-week package of funding and support. The programme, which aims to help pre-seed startups become investor-ready, will culminate in an Investor Showcase in September, offering direct exposure to the region’s investment community. Up to eight of these will receive £200,000 each from NPIF II Equity Finance, which is managed by PXN Ventures.
Learn more PXN Ventures launches PraeSeed programme for startupsUK tech firm pioneering ‘Moneyball’ approach raises £2.4m
18 February 2026
Liverpool-based eCommerce solution provider Made With Intent is looking to expand globally after raising £2.4m in an investment round led by the Northern Powerhouse Investment Fund II. The company has developed an AI-powered model that, when added to eCommerce websites, provides real-time customer insights by analysing over 800 onsite signals.
Learn more UK tech firm pioneering ‘Moneyball’ approach raises £2.4mNorthern Powerhouse Investment Fund II Case Studies
Freeklime
Yorkshire indoor climbing operator, Freeklime, secured a £150,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt and part of the Northern Powerhouse Investment Fund II (NPIF II), to expand its business with the launch of a third venue.
Troo
Business energy consultants Troo, based in Sunderland, secured a seven-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). The funding will enable the next phase of growth through cutting-edge technology and talent development.
Sanco
Sanco, a Newcastle-based Neapolitan pizza dining experience, 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 (NPIF II).
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