What is the Northern Powerhouse Investment Fund?

More than £240K has been invested into SMEs from across the North to assist with growth plans. The £400 million investment fund aims to assist the region’s one million private sector businesses with their growth plans. Our Accountants in Bolton can help you claim the funding you need.

The NPIF is a £400 million investment fund, and will be allocated to businesses to assist with growth plans. It’s aimed to boost the long term growth of the region, by helping SMEs that are looking at:

  • Funding expansion projects
  • Leasing new commercial premises
  • Asset acquisitions
  • Hiring a new team
  • Purchasing new machinery/ equipment
  • Launching a new product/ service
  • Filling gaps in working capital

There are three forms of funding:

  1. Microfinance – £25K – £100K.
  2. Business loans – £100K – £750K
  3. Equity finance – £50K – £2M

The funding has been made available following research by the Government which discovered a “massive untapped economic potential” within the North.

Many businesses are eligible, from new start-ups, to established SMEs, or businesses looking to relocate to the North of England.

This fund is a clear sign that Government is investing in the North. Making this investment fund open gives businesses the real opportunity to implement their growth plans.

Having previously helped businesses on a spectrum of sizes with funding, it’s apparent there has been a need for a fund that allows smaller businesses to compete.

For more information on funding contact our Accountants in Bolton via our enquiry form or call 01204 534 031. If you’re looking for general business advice, please take at look at our page here.


This article is for general guidance only. It provides an outline, and may not include points which are important to your situation. You should not depend on this blog without taking advice based on the full facts of your case. The information given was correct at the time of publication.

DID YOU FIND THIS USEFUL?

Share it with your network:  

Want more great content?
Sign up to our newsletter

    Follow us

    Tweets by @CHW-accounting

    CHW-Accounting
    @chw-accounting


    Twitter: chw_accounting

    Read enough?

    Want to find out how we can help you and your business? Get in touch today and let's have a chat.

    WHAT'S THE NEWS?

    Grab a biscuit and a brew and read our latest news.

    19 February 2024

    Tax changes – What’s new in 2024?

    by

    We are now well and truly into 2024 and before you know it the end of the 2023/24 tax year on 5 April will be upon…


    Read more >

    12 February 2024

    National minimum wage – a quick guide to the...

    by

    The government sets a national minimum wage and a national living wage to guarantee that workers get a minimum standard of pay. It is a legal…


    Read more >

    7 February 2024

    HMRC to target undeclared dividend payments

    by

    HMRC have advised the Chartered Institute of Taxation (CIOT) that they have commenced a ‘One to Many’ letter campaign directed at taxpayers who HMRC suspect may…


    Read more >

    7 February 2024

    One week on from Self-Assessment deadline

    by

    We are now a week on from the self-assessment filing deadline of 31 January and figures show that more than double the number of taxpayers failed…


    Read more >

    5 January 2024

    Cut to National Insurance from 6th January 2024

    by

    From Saturday 6 January, the average earner will be almost £450 a year better off according to the government.  However, the reality is that due to…


    Read more >

    YOUR CHALLENGES

    No matter what your challenge is, we’ve probably dealt with it before.



    Need an Accountant?

    Get in touch >


    Need an Accountant?

    Get in touch >


    Tax issues?

    Find out more >


    Tax issues?

    Find out more >


    Trying to grow your business?

    We can help >


    Trying to grow your business?

    We can help >


    Managing cashflow?

    We can help >


    Managing cashflow?

    We can help >


    Starting a business?

    We can help >


    Starting a business?

    We can help >


    Looking for funding?

    Need help with funding? >


    Looking for funding?

    Need help with funding? >


    Buying or selling a business?

    We can help >


    Buying or selling a business?

    We can help >


    Adopt the cloud?

    We can help >


    Adopt the cloud?

    We can help >


    What else can we do for you?

    We can help >


    What else can we do for you?

    We can help >
    CONTACT US

    Get in touch, no hard sell, just a brew, a biscuit and a chat.