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WHERE LOCAL BUSINESS GROWS

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What We Do

ABOUT NORTHERN POWERHOUSE INVESTMENT FUND?

Northern Powerhouse Investment Fund (NPIF), supported by the European Regional Development Fund, is an initiative launched by the government-owned British Business Bank.

It is a key part of the government’s ‘Northern Powerhouse’ vision, which aims to end the historic North / South divide and create economic prosperity in the North of England on par with London and the South East.

The government firmly believes that SMEs form the foundation of the region’s future growth. NPIF therefore aims to nurture regional entrepreneurship by providing investment and support for small and medium businesses between 2016 and 2021. NPIF's funding will support new and growing SMEs, create jobs and encourage and attract additional private sector investment.

NPIF provides commercial finance through three types of product funds: Microfinance, Debt Finance and Equity Finance. These funds provide funding options are designed to plug common gaps in the provision of finance, giving your business access to the funding it needs to help it grow.

WHAT IS THE NORTHERN POWERHOUSE INVESTMENT FUND?

The Northern Powerhouse Investment Fund, supported by the European Regional Development Fund, provides commercially focussed finance through Microfinance, Debt and Equity Finance funds.

NPIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the North West, Yorkshire, the Humber and Tees Valley.

NPIF provides over £400m of investment to boost small and medium business (SME) growth in the North of England.


BEF Microfinance - £25k - £100k

Small business loans from £25,000 - £100,000

Whether you are an entrepreneur wishing to start your own business, an early stage or more established SME looking to grow you may find it difficult obtaining the finance you need.

Microfinance can be used to fill the funding gap for growth and development projects. It is available for a wide range of purposes including filling gaps in working capital, funding expansion projects, leasing commercial premises and asset acquisitions. To find out more and see if your business qualifies, Click Here to Make An Enquiry

Mercia Debt Finance - £100k - £750k

Business loans from £100,000 - £750,000

As SMEs grow, larger amounts of finance can be needed to move them to the next level. Funding might be for hiring staff, purchasing machinery, moving premises or even as working capital to finance a big order.

Analysis has shown that this finance can be difficult for firms in the North of England to access but that there is a strong level of latent demand

NPIF’s Debt finance option is designed for SMEs that can demonstrate growth potential. Make An Enquiry


Equity Finance - £50k - £2m

Early stage or late stage funding from £50k - £2m

Equity finance is widely accepted as an important ingredient for innovative and fast growth businesses at all stages.

While the number and value of equity deals across the UK have grown in recent years there is a large disparity between the North of England and London and the South East. NPIF has a particular interest in supporting equity investments and helping to build a vibrant and sustainable venture capital community in the North.

NPIF has a particular interest in supporting equity investments and helping to build a vibrant and sustainable venture capital community in the North.

An equity based investment could be right for you if you are looking to grow at a rate that cannot be supported through borrowing, which will tend to be linked to the ability to service debt from existing cash flows. This can apply at any stage of a company’s growth cycle from start up to scale up. Make An Enquiry

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