We are accredited under Phase Three of the Recovery Loan Scheme – find out more here.

Northern Powerhouse Investment Fund

 

    What is NPIF?

    The Northern Powerhouse Investment Fund (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 £107.2 million Northern Powerhouse Investment Fund for the North West and the £69.4 million Northern Powerhouse Investment Fund for Tees Valley and Cumbria.

    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.

    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

    If your business isn’t based in the right area, but is either willing to relocate or will have a material presence in the region as a result of the investment, then this should be sufficient – our local Investment Executives can provide further guidance on this.

    Before you start your application, make sure your business meets the criteria of the fund.

    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 months' bank statements
    • CV of directors
    • 1 year monthly integrated forecast (cash flow forecast, balance sheet and profit & loss)

    • 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.

     

    NPIF logo

    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 months' bank statements
    • CV of directors
    • 2 years' monthly integrated forecast (cash flow forecast, balance sheet and profit & loss)

    • 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.