How NPIFII can help your business

Sue Barnard

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If you’re an entrepreneur, a start-up, or smaller business located in the North of England, the Northern Powerhouse Investment Fund II could provide the funding you need to grow your business.

What is it?🔗

The Northern Powerhouse Investment Fund II (NPIF II) is part of a series of Nations and Regions Investment Funds totalling £1.6 billion, launched by the British Business Bank. The Fund covers the entire North including Yorkshire and the Humber, the North East and the North West. With £660 million of funding for the region, NPIF II builds on the success of the first Northern Powerhouse Investment Fund. It will create further opportunities for new and growing businesses, boosting productivity, innovation and jobs in the area. NPIF II provides funding to appointed fund managers who offer three different funding options with loans from £25,000 to £2 million and equity investment of up to £5 million.

What we offer?

We offer three different commercial finance options designed to tackle identified funding gaps across the North of England.

Smaller loans - £25,000 - £100,000

Small business loans for new or growing businesses

Debt Finance - £100,000 - £2 million

Business loans for businesses that can demonstrate growth potential

Equity Finance – up to £5 million

Early stage equity funding for businesses with ambitious plans for growth.

Who can apply?🔗

You may be able to apply for funding from NPIF II if your business is based in the region or if it has significant activity there.

NPIF II’s appointed fund managers are open to applications from innovative businesses across a range of sectors from engineering, advanced tech and renewables to creative industries, finance and tourism. From start-ups and early stage businesses to those with expansion and growth plans, if you can demonstrate growth potential, your business may be eligible *

* Eligibility criteria apply and fund managers will be able to advise on suitability.

Why apply?🔗

Our funding options can support your businesss for example by:

Funding expansion projects
Leasing new commercial premises
Making asset acquisitions
Hiring a new team
Purchasing new machinery or equipment
Launching a new product of service

How to apply?🔗

1.Find a fund manager at www.northernpowerhouseinvestmentfund.co.uk
2.Make an enquiry directly to the fund manager
3.The fund manager will contact you to talk through your funding requirement
4.The fund manager may ask for more information and a formal application or pitch deck.
5.The fund manager will evaluate your application and make the investment decision

Note:🔗

The Nations and Regions Investment Funds are supported by Nations and Regions Investments Limited, a wholly owned subsidiary of British Business Bank plc. They are not authorised or regulated by the PRA or FCA. British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.