Funds we manage

We currently manage six funds in the North of England with a total value of £191m.

Live funds

How big is the fund?    

£102m, comprising £51m in the North West, and £51m in Tees Valley & Cumbria.

Where does the money come from?    

The Northern Powerhouse Investment Fund has been set-up by HM Treasury’s British Business Bank, with the source of funding being from the European Regional Development Fund and the European Investment Bank. Regardless of our departure from the EU, the funding is in place and committed.

What are the terms?    

Loans are available from £100k to £750k on terms of 1 to 5 years.  Interest rates vary according to our assessment of the risk and the security available.

Who can apply?    

Businesses based in the North of England, who are looking for finance to grow.

How big is the fund?    

£10m but the fund can reinvest returns with the aim to invest £31m.

Where does the money come from?    

The North East Property Fund is backed by the North East Local Enterprise Partnership and Santander.

What are the terms?

Loans from £250,000 to £1 million for residential and non-speculative commercial developments. The North East Property Fund can provide up to 100 percent of build costs for suitable schemes with repayment terms available up to two years. 

Who can apply?    

Construction and property development companies who have schemes in County Durham, Northumberland and Tyne & Wear. The Fund can support: 

  • New housing developments 
  • New office, industrial and warehouse developments
  • Refurbishment projects
  • Phased development schemes
  • Mixed use developments

How big is the fund?    

£10m but returns are reinvested with the aim to provide £45m of investment. 

Where does the money come from?    

The Tees Valley Catalyst Fund was conceived in 2013 by Tees Valley Unlimited, the Local Enterprise Partnership in Tees Valley and is backed by Regional Growth Fund.

What are the terms?

Short-term loans (typically up to 24 months) for businesses that need to provide performance and warranty bonds or advance payment guarantees to their customers to win new contracts.

Who can apply?

Businesses with operations in Tees Valley, County Durham, Northumberland, Tyne & Wear and parts of North Yorkshire with TS or DL postcodes.

Delivered funds

  • North East Growth Plus Fund
  • North West Funds for Loans Plus