The £400m Northern Powerhouse Investment Fund has remained active despite nationwide uncertainty, completing 101 deals worth over £20m since the beginning of 2020.
The Fund, which provides a mix of debt, equity and microfinance up to £2m, has continued to invest in small businesses across the north of England and is still very much open for business. Since its launch in February 2017, fund managers have invested over £168m into 627 businesses, bringing in an additional £172m from the private sector.
The Northern Powerhouse Investment Fund works with 10 Local Enterprise Partnerships, Combined Authorities and fund managers to provide microfinance, debt and equity finance to 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.
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Suiso - a Rotherham company developing an innovative hydrogen generator that could boost uptake of green energy - has ra...
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