An additional £100m has been allocated for the Northern Powerhouse Investment Fund (NPIF), taking the total investment to £500m.

The British Business Bank launched the NPIF in d in February 2017 and has recently passed its £200m milestone, having directly invested £200m into more than 700 Northern-based SMEs in deals that have attracted an additional £232m of investment from the private sector.

Regionally, the fund has reached a series of milestones in recent months, including £20m of investment in the Humber, £30m in Lancashire and £30m in Liverpool City Region, and now supports almost one in five equity deals across the North.

Chancellor confirmed the additional allocation in his Spending Review yesterday (25 November 2020).

More