GOVERNMENT-BACKED

Northern Powerhouse Investment Fund II

Sheffield, United Kingdom

£660m British Business Bank fund for smaller businesses across the North of England. Offers loans from £25,000 to £2m and equity up to £5m, applied for directly through its appointed fund managers in each part of the North.

What Northern Powerhouse Investment Fund II backs

Stages
Pre-seed, Seed, Series A, Growth, Small business
Sectors
Small businesses, and any other
Where
North West England, North East England, Yorkshire and the Humber
How much
£25k to £5mSmaller loans £25k-£100k (River Capital, GC Business Finance, NEL, BEF), debt £100k-£2m (FW Capital, Mercia, NEL), equity up to £5m (Praetura Ventures in the North West, Mercia in Yorkshire and the Humber, Maven in the North East).

Companies it has backed

  • Street Group
  • CareLoop
  • Lexio Tech
  • Cobra Sport
The full list on Northern Powerhouse Investment Fund II's site

Lately

Marked 'Open for applications' on the British Business Bank site (checked 1 Oct 2026); fund news includes CareLoop investment update (9 Jul 2026) and Street Group exit (4 Aug 2026).

Sources

Checked .

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Company Signal lists funders so founders can find them. We are not a broker or a financial adviser: we do not recommend funders, pass pitches on or take any fee from them, and nothing here is an offer of finance. Each entry comes from the funder's own public pages, last checked 1 Oct 2026; amounts, terms and rates change, so check them with the funder before you apply.