£660m Northern Powerhouse fund launched to help grow business in the North

A £660m fund that aims to boost businesses across the North wants to counter the “computer says no” attitude of some traditional lenders, a senior executive has said.

The Northern Powerhouse Investment Fund II (NPIF II) has been launched by the British Business Bank, which was set up by the Government to increase the supply of credit to small and medium enterprises. It follows an earlier Northern Powerhouse fund, which ran from 2017 and delivered more than £1.1bn to businesses in the North, helping to create 8,500 jobs.

For the full story

Read our other news

Essar awarded £2.5m grant for sustainable jet fuel hub plans

Essar Energy Transitions has been awarded £2.5m from the government to develop its plans for one of the UK's largest advanced sustainable aviation fuels production hubs at Stanlow

Read More
University of Chester hosts major China-UK innovation forum

The University of Chester hosted an event on emerging technologies between the UK and China

Read More
Winsford woman to launch innovative portable toilet business

A Winsford entrepreneur is determined to make a difference in the world of portable toilets when her new business launches next year

Read More