Northern Powerhouse Investment Fund II (NPIF II)

Northern Powerhouse Investment Fund II logo

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

Smaller Loans

£25k – £100k

Learn more about Smaller Loans

Equity Finance

Up to £5 million

Learn more about Debt Finance

Debt Finance

£100k - £2m

Learn more about Debt Finance

Have a question? Read our Frequently Asked Questions.

Northern Powerhouse Investment Fund II – Newcastle Roadshow

Thursday 18th April 2024, 09:30 – 12:00
St James’ Park, Strawberry Place, Newcastle upon Tyne, NE1 4ST

Northern Powerhouse Investment Fund II – Manchester Roadshow

Wednesday 24th April 2024, 09:30 – 12:00
No 1, Circle Square, 3 Symphony Park, Manchester, M1 7FS

Northern Powerhouse Investment Fund II – Sheffield Roadshow

Tuesday 30th April 2024, 09:30 – 12:00
Electric Works, Sheffield Digital Campus, 3 Concourse Way, Sheffield, S1 2BJ

Northern Powerhouse Investment Fund II – Liverpool City Region Roadshow

Thursday 9th May 2024, 09:30 – 12:30
Daresbury Laboratory, Sci-Tech Daresbury, Keckwick Lane, Daresbury, WA4 4AD

Northern Powerhouse Investment Fund II – Hull Roadshow

Thursday 23rd May 2024, 13:30 – 15:45
Ferens Art Gallery, Queen Victoria Square, Carr Ln, Hull, HU1 3RA

Northern Powerhouse Investment Fund II – Lancashire Roadshow

Thursday 20th June 2024, 09:30 – 12:30
AMRC North West, Roy Chadwick Way, Samlesbury Enterprise Zone, Mellor Brook, Blackburn, Lancashire, BB2 7HP

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Latest News from the Northern Powerhouse Investment Fund II

View all news from the Northern Powerhouse Investment Fund II

Hear about the Northern Powerhouse Investment Fund II and meet the Fund Managers in this video

The new £660m fund will increase the supply and diversity of early-stage finance for businesses in the North of England, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance across the region.

Read Article about launch of Investment Fund for Scotland

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

The British Business Bank has launched its new Northern Powerhouse Investment Fund II, a £660m fund set to cover the entire North of England.

Read Article about the launch of the Northern Powerhouse Investment Fund II