About NPIF

Northern Powerhouse Investment Fund (NPIF)

Supported by the European Regional Development Fund, NPIF is an initiative launched by the government-owned British Business Bank.

It is a key part of the Government’s ‘Northern Powerhouse’ vision, which aims to help reduce the North/South divide and create economic prosperity in the North of England on a par with London and the South East.

The Government firmly believes that smaller businesses (SMEs) form the foundation of the region’s future growth. NPIF therefore aims to nurture regional entrepreneurship by providing investment and support for SMEs between 2016 and 2021. NPIF's funding will support new and growing SMEs, create jobs and encourage and attract additional private-sector investment.

Delivered by the British Business Bank, NPIF aims to drive sustainable growth and prosperity across the North, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses.

NPIF provides commercial finance through three types of product funds: microfinance, debt finance and equity finance. These funds provide funding options that are designed to plug common gaps in the provision of finance, giving your business access to the funding it needs to help it grow. 

The funding options are:

Microfinance

£25k – £100k

Debt Finance

£100k – £750k

Equity Finance

£50k – £2m