Northern Powerhouse Investment Fund II
The Northern Powerhouse Investment Fund II offers various commercial finance options for smaller businesses across the North of England, including smaller loans, debt finance, and equity investment.
Key facts
- Funding amount
- £25,000 to £5 million
- Deadline
- Rolling – no fixed deadline
- Region
- North of England
- Business type
- Small businesses & SMEs
Plain English summary
The Northern Powerhouse Investment Fund II provides a significant funding boost of £660 million to small and growing businesses across the North of England. This fund offers flexible finance options, including loans from £25,000 to £2 million and equity investment up to £5 million, to support innovation and economic growth in the region. It is designed to increase the availability of early-stage finance for businesses that might otherwise struggle to secure investment, with a focus on sustainable growth and the transition to net zero.
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Who this is best for
- Small businesses & SMEs
- Organisations based in North of England
- Projects aligned with business grants
- Teams seeking funding around £25,000 to £5 million
Who should not apply
- Individuals applying in a personal capacity (unless explicitly permitted)
- Organisations based outside North of England
- Large enterprises above SME thresholds
- Applicants who cannot meet the official eligibility criteria below
Eligibility checklist
Tick what applies to your organisation before applying.
- Smaller businesses across the North of England.
- The fund covers the whole of the North, including rural, coastal and urban areas, and aims to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses.
- ESG awareness is embedded into its design to help support the UK economy’s transition to net zero.
Official source
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