New funds to help businesses flourish – Northern Powerhouse Investment Fund II 

The Northern Powerhouse Investment Fund II will boost businesses through investments, helping to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North of England.

The fund will launch in March 2024 and builds on the success of the first Northern Powerhouse Investment Fund, which facilitated over £1 billion of direct and private sector co-investment during its investment phase.

This second fund offers a range of commercial finance options, with smaller loans and debt finance from £25,000 to £2 million and equity investment up to £5 million.

The fund will support early-stage finance for smaller businesses, providing funds to firms that might otherwise not receive investment.

Further information can be found on the Northern Powerhouse Investment Fund ll website.