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.

4 June 2020

Local authority discretionary grants fund launches

by

A new grant scheme aimed at small businesses who have not been eligible for support during the coronavirus pandemic has opened. Small and micro businesses with…


Read more >

2 June 2020

Coronavirus Job Retention Scheme – Changes announced

by

Chancellor Rishi Sunak announced a number of changes to the Coronavirus Job Retention Scheme (CJRS) last week. The detail of the changes is below: As widely anticipated The…


Read more >

7 May 2020

Coronavirus Business Interruption Loan Scheme Update

by

Here our head of funding, Ben Day gives an update on the alternative lenders that have been accredited to CBILS providing a more flexible and innovative…


Read more >

5 May 2020

Additional funding announced to help small businesses

by

Additional funding has been announced to help small businesses which were previously unable to access an emergency coronavirus government grant scheme.   On Saturday (2nd May) the…


Read more >

28 April 2020

New loan scheme launched for small to medium sized...

by

Chancellor Rishi Sunak yesterday unveiled a new loan scheme aimed at small to medium sized businesses.  The Bounce Back Loans scheme (BBLS) will offer loans up…


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.