The British Business Bank’s Northern Powerhouse Investment Fund II 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 covers the whole of the North of England, including rural, coastal and urban areas. This includes North East England, North West England, and Yorkshire and the Humber.
For similar funding in other regions, click here to see a full list of the British Business Bank’s investment funding, covering all areas of the UK.
It is increasing the supply and diversity of early-stage finance for smaller businesses across the North of England, providing funds to businesses that might otherwise not receive investment and helping to break down barriers in access to finance.
The new fund has embedded ESG awareness into its design and will help support the UK economy’s transition to net zero.
Funds Available
Smaller Loans, £25k – £100k: to fill the funding gap for growth and development projects
Debt Finance, £100k – £2m: designed for smaller companies that can demonstrate growth potential
Equity Finance, up to £5 million: for established businesses with ambitious plans, or large start ups with high growth potential
To apply for funding, visit the British Business Bank at the link below, and select the type of funding requested. You can then contact a regional fund manager to discuss your application further.
