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Back to Northern Powerhouse Investment Fund News – Issue 13

NPIF – Impact to Date

Since its launch in 2017, the Northern Powerhouse Investment Fund has proved pivotal to the growth and success of small businesses across the North.

The Fund has been transformational in building a stronger Northern business community. The impact that it has had is clear, from enabling businesses to build skilled teams and create new products and services to supporting organisations in adopting more sustainable operations.

NPIF offers microfinance between £25,000 and £100,000, debt finance between £100,000 and £750,000 and equity finance up to £2m. It was also revealed last year that NPIF supports almost one in five equity deals across the North.

The Fund has invested over £291m across 1242 investments  since its launch in 2017. These deals have attracted an additional £377m of investment from the private sector, giving a combined value facilitated by NPIF of over £660m.

It was also revealed last year that NPIF supports almost one in five equity deals across the North.

The Northern Powerhouse Investment Fund works with Combined Authorities, Local Enterprise Partnerships, Growth Hubs and fund managers across the North to support businesses across the North West, Yorkshire and Humber and Tees Valley regions.

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Editors Notes