Supported by the European Regional Development Fund, NPIF is an initiative launched by the government-owned British Business Bank.
NPIF was launched in February 2017 and finished its investment phase in December 2023 having facilitated over £1bn of direct and private sector co-investment to growing companies across the North.
NPIF funding is drawn from several sources including the UK Government, the European Investment Bank, the British Business Bank and the European Regional Development Fund (including nominal allocations from 10 out of the 11 Local Enterprise Partnerships (LEPs) in the North of England*).
The Northern Powerhouse Investment Fund has now completed its investment phase and is transitioning to the Northern Powerhouse Investment Fund II which will launch in March 2024.
The new Northern Powerhouse Investment Fund II will deliver £660m of investment to growing companies and will be extended to include the whole of the North East.
To sign up to receive news and updates from the Northern Powerhouse Investment Fund II please click here click here to sign up for updates.
Liverpool City Region LEP
Cheshire and Warrington LEP
York & North Yorkshire
South Yorkshire Mayoral Combined Authority
Tees Valley Combined Authority
Leeds City Region LEP
Hull and East Yorkshire LEP
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