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Back to Northern Powerhouse Investment Fund News – Issue 9

NPIF – Making an impact across the North

As we look back on NPIF’s progress over the past three years, it’s fantastic to see the impact that has been made across the North. We are proud to have invested more than £165m in over 600 businesses to date.

In what has been an incredibly tough time for all in recent months, we have been delighted at the response from the ten LEPs across the Northern Powerhouse region and our fund managers, working hard to help companies navigate their way through this period.

Despite these unprecedented times, our fund managers have continued to back northern businesses with growth potential. Since the start of 2020, we have completed 61 deals worth over £14m.

To mark three years of NPIF, we have showcased some of our extraordinary achievements and portfolio successes for you here.

We have seen even more success stories over the past few weeks, including Manchester-based Summize, which has taken on more staff and is now looking at overseas expansion.

We’ve also been impressed at portfolio companies pulling together to support their communities, including IP&C, a Doncaster-based decontamination service which has been working seven-days a week through the crisis and Didsbury Gin, which has been manufacturing hand sanitisers.

It is the businesses that are at the heart of what we do and now more than ever we remain committed to ensuring that northern companies have the necessary funding to prosper!

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