Northern Powerhouse Investment Fund (NPIF) is an initiative launched by the government-owned British Business Bank and is a key part of the government’s ‘Northern Powerhouse’ vision.
NPIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the North West, Yorkshire, the Humber and Tees Valley.
NPIF has established a Strategic Oversight Board with the Local Enterprise Partnerships to ensure that the LEPs are appropriately represented. The Strategic Oversight Board’s function is advisory and it provides strategic input into NPIF’s governance and decision making processes.
The Strategic Oversight Board is currently chaired by, the Chair of Leeds City Region LEP and includes representatives from four other LEPs and from BEIS, DCLG, HM Treasury, the EIB as well as The British Business Bank.
NPIF also has two Regional Advisory Boards for the North West and Yorkshire and the Humber and Tees Valley to review fund manager performance at a local level and will make recommendations to NPIF and the Strategic Oversight Board.
Learn more about the funding options NPIF provides below: