Northern Powerhouse Investment Fund II

British Business Bank (delivered via regional fund managers)

Stage

Idea / pre-product, MVP / early product, Early revenue, Scaling

Location

North West, Yorkshire, North East

Equity

Takes equity

Cost

Equity / debt (commercial terms)

Delivery

In-person

Any sector

Idea / pre-productMVP / early productEarly revenueScaling

£660M British Business Bank fund covering the entire North of England — Greater Manchester, Liverpool City Region, Lancashire, Yorkshire & Humber, Cheshire & Warrington, Cumbria, County Durham, Tyne & Wear, and Northumberland. Launched March 2024. Three tiers: smaller loans £25k–£100k (via GC Business Finance, River Capital, BEF), debt finance £100k–£2M (FW Capital, Mercia, NEL), and equity investment up to £5M (Praetura Ventures, Maven, Mercia Ventures). Applications go direct to the relevant regional fund manager. Designed specifically to address the identified funding gap between the North and South of England.

Why this programme

Raise funding

The main government-backed equity and debt fund for North of England businesses — £25k loans up to £5M equity investment, nine regional fund managers covering every area

Scale & grow

Equity investment up to £5M from nine regional fund managers designed to fuel growth across every part of Northern England

Interested in Northern Powerhouse Investment Fund II?

Head to their website for current cohort dates and how to apply.

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