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Northern Powerhouse Investment Fund (NPIF)

What is NPIF?

NPIF is an initiative launched by the government-owned British Business Bank and supported by the European Regional Development Fund and European Investment Bank. As a key part of the government’s ‘Northern Powerhouse’ vision, which aims to create economic prosperity in the North of England, NPIF provides commercial finance to support small and medium sized businesses in the region.

FW Capital manages both the £81.6m Northern Powerhouse Investment Fund for the North West and the £61m Northern Powerhouse Investment Fund for Tees Valley and Cumbria.

How can we help through NPIF?

We provide loans from £100,000 to £750,000 to help Northern businesses grow. The funding can be used for a variety of business needs, including:

  • Growth capital
  • Hiring staff
  • Expanding into new markets
  • Developing products and services
  • Purchasing equipment or machinery
  • Buying, upgrading or expanding premises

 

Loans are available between 1 - 5 years.

 

Who can we help through NPIF?

We can help businesses who have the potential to grow and who are based in the North of England, with a focus on the following areas:

  • Cheshire
  • Cumbria
  • Greater Manchester
  • Lancashire
  • Merseyside
  • Tees Valley

Making an NPIF application

To apply for an NPIF loan, you’ll need to provide us with the following:

  • 2 years historic accounts
  • Up to date management information
  • 3 month bank statements
  • CV of directors
  • 1 year cash flow forecast (monthly)
  • Statement of personal assets and liabilities

Need to know more first?

If you have a question on NPIF, just send us a message or try reading our FAQ section.

Making an NPIF application

To apply for an NPIF loan, you’ll need to provide us with the following:

  • 2 years historic accounts
  • Up to date management information
  • 3 month bank statements
  • CV of directors
  • Statement of personal assets and liabilities
  • 1 year monthly integrated forecast (cash flow forecast, balance sheet and profit & loss)

Need to know more first?

If you have a question on NPIF, just send us a message or try reading our FAQ section.

Making an NPIF application

To apply for an NPIF loan, you’ll need to provide us with the following:

  • 2 years historic accounts
  • Up to date management information
  • 3 month bank statements
  • CV of directors
  • Statement of personal assets and liabilities
  • 2 years monthly integrated forecast (cash flow forecast, balance sheet and profit & loss)

Need to know more first?

If you have a question on NPIF, just send us a message or try reading our FAQ section.