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Debt Finance from £100,000 - £2 million
As small businesses grow, large injections of capital are often needed to move them to the next level. The Northern Powerhouse Investment Fund II could help smaller business owners to deliver their business ambitions, including:
- Leasing new commercial premises
- Hiring a new team
- Funding marketing costs
- Purchasing new machinery or equipment
- Launching a new product or service
Our debt finance option is designed for smaller companies that can demonstrate growth potential.
How to apply
- Go to the fund manager’s website by clicking the box below.
- Make an enquiry directly to the fund manager.
- The fund manager will contact you to talk through your funding requirement.
- The fund manager may ask for more information and a formal application or pitch deck.
- The fund manager will evaluate your application and make the investment decision.
Have a question? Read our Frequently Asked Questions.
Funds Available
Debt Finance, £100,000 - £2 million (North West)
FW Capital Website Debt Finance, £100,000 - £2 million (Yorkshire & the Humber)
Mercia Website Debt Finance, £100,000 - £2 million (North East)
NEL WebsiteLatest News from the Northern Powerhouse Investment Fund II
Blog post
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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