Northern Powerhouse Investment Fund (NPIF) 

If you are an entrepreneur, a start-up or a small and medium sized business located in the North of England, NPIF could provide the funding you need to help your business realise its potential. 

Overview 

NPIF can support you with:

  • Micro-finance loans between £25,000 and £100,000 for new or growing businesses to support working capital needs.
  • Debt finance between £100,000 and £750,000 for early stage or more established business that can demonstrate growth potential.
  • Early stage and later stage equity finance of between £50,000 and £2 million for established businesses with ambitious plans or large scale start-ups with high growth potential.  

Am I eligible? 

  • The investment must take place in the Northern Powerhouse Investment Fund geographical area (North West, Yorkshire and Humber and Tees Valley).
  • The fund is open to new start-ups, early stage companies, fast growing small business, established SMEs, small businesses looking to locate or relocate in the NPIF geographical area and businesses unable to source funding from banks or investors.
  • Support is available to most types of businesses though eligibility will be decided on a case by case basis.
  • The fund can support expansion projects, the leasing of new commercial premises, asset acquisitions (including new machinery or equipment) and filling gaps in working capital.

 

Find out more

Please contact our business growth team on 0113 3481818 or email BusinessGrowth@the-lep.com.

Case Study

BCA Group plans job creation following LEP investment
30th October 2018

BCA Group plans job creation following LEP investment

Caravan industry wiring systems and electrical components manufacturer, BCA Group, has outlined plans for further growth after completing a £2.7m e...

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Business support and finance

Not sure where to start? Don't worry. Just get in touch with our business growth team and we can help you find the right support for your business needs.