www.npif.co.uk
@npifbbb
Equity Finance
50k - 2m
Debt Finance
100k - 750k
Microfinance
25k - 100k
FUNDING TO START UP,
SCALE UP OR STAY AHEAD
If you are an entrepreneur, a start-up or SME* located in the North of England,
the Northern Powerhouse Investment Fund (NPIF) could provide the funding
you need to help your business realise its potential.
NPIF is a collaboration between the government-owned British
Business Bank and ten Local Enterprise Partnerships (LEPs) in
the North West, Yorkshire, the Humber and Tees Valley.
We combine 400 million of UK Government, European Regional Development
Fund and European Investment Bank funding to help businesses in the region
to scale-up and become a successful part of the government's Northern
Powerhouse vision.
We offer three different funding options designed to plug gaps in the provision
of commercially available finance, ranging from 25,000 Loans to 2million
Equity Investments.
Our investment packages are open to a wide range of sectors from early stage
innovative businesses through to manufacturing and creative and digital
industries. If you can demonstrate growth potential, your business may be
eligible. **See below for exceptions
FUNDING OPTIONS
MICROFINANCE
Small business loans
25,000- 100,000
For new or growing businesses to
support working capital needs
DEBT FINANCE
Business loans
100,000 - 750,000
For early stage or more established
businesses that can demonstrate
growth potential
EQUITY FINANCE
Early stage and later stage
equity funding
50,000 - 2million
For established businesses with
ambitious plans or large start-ups
with high growth potential
* An SME is an independent business which is not more than 25% owned by another company/group and that has less than 250
employees and an annual turnover not exceeding 50m Euro (40m) or a balance sheet total not exceeding 43m Euro (34.5).
** NPIF cannot help businesses in the following sectors; property development and agriculture. In addition we cannot re-finance
existing commercial borrowing or help failing businesses.
British Business Bank plc (BBB) is a development bank wholly owned by HM Government. British Business Financial Services Limited (BBFSL) is a wholly owned subsidiary of BBB. Neither
BBB nor BBFSL is authorised or regulated by the PRA or FCA. BBB and its subsidiaries are not banking institutions and do not operate as such. A complete legal structure chart for the BBB
group can be found at www.british-business-bank.co.uk.
WHO CAN APPLY
We invite applications from businesses
that are based in or have significant
activity in the North of England.
Eligible businesses may include:
New start-ups
Early stage companies
Fast-growing small businesses
Established SMEs*
Small businesses looking to
relocate in the North of England
Businesses unable to source
funding from banks or investors
WHY APPLY
Our funding options can act as the
boost your business needs, for
example by:
funding expansion projects
leasing new commercial premises
making asset acquisitions
hiring a new team
purchasing new machinery
or equipment
exporting abroad
filling gaps in working capital
HOW TO APPLY
1 Find a fund manager at
www.npif.co.uk
2 Make an enquiry direct to the
fund manager
3 The fund manager will contact you
to see if your business qualifies
4 You make a formal application
5 Your Fund Manager evaluates
your application and makes the
investment decision
If you or your client is based in the
North East outside of Tees Valley
please contact North East Finance
or The North East Local Enterprise
Partnership for finance options.
www.npif.co.uk
@npifbbb