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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

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