Northern Powerhouse Investment Fund
February 28, 2017 - February 28, 2022
The Northern Powerhouse Investment Fund (NPIF) has over £400m of funding available for SMEs in the NPIF area. It is providing micro-finance, debt and equity investment aimed at creating sustainable economic activity through supporting new and growing businesses. Provision is as follows:
Microfinance
- For start up or existing business
- Loans of £25k – £100k
- Example deals include:
- Working capital
- Funding expansion projects
- Financing commercial premises
- Asset acquisitions
Debt Finance
- For businesses that can demonstrate growth potential
- Business loans from £100,000 – £750,000
- Example deals include:
- Working capital
- Hire a new team
- Purchase new machinery
- Move to larger commercial premises
Equity Finance
- Early stage or late stage equity funding
- For businesses with ambitious plans or large start-ups with high growth potential
- From £50,000 – £2million
- Example deals include:
- Growth capital
- Working capital
- Capital Expenditure
- Relocation
The fund managers appointed to manage the Northern Powerhouse Investment Fund in the Humber are are:
- Microfinance: Finance for Enterprise & Business Enterprise Finance
- Business Loans: Enterprise Ventures
- Equity Finance: Enterprise Ventures