Northern Powerhouse Investment Fund

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Projects

Finance for Growth

June 1, 2018 - May 31, 2021

Delivered as a product of the Humber Business Growth Hub, this three year programme of investment readiness support is focused on enabling SME businesses to access finance.

It provides an intensive Humber-wide programme of support through a network of specialist advisors and associated small grants scheme that will cover up to 40% of the eligible costs of SME beneficiary projects which will enable them to become investment ready.

The programme will:

  • Enable SMEs to take full advantage of the growth opportunities provided by the right package of finance
  • Deliver a comprehensive programme of workshops and masterclasses
  • Provide targeted grants (up to 40% of eligible costs) where part of a specific growth and investment strategy
  • Assist SMEs to understand investor requirements and develop corresponding strategy/business plans
  • Assist SMEs to understand and negotiate the financial support landscape
  • Provide specialist support in relation to company growth plans
  • Support the assembly of tailored packages of finance to aid SME growth and expansion
  • Grow awareness and understanding of the various finance options available including equity finance
  • Signpost to other relevant support, expertise and development opportunities

News

Hull Business Gets Northern Powerhouse Investment Funding For Moodbeam Device

June 21, 2018

A Hull healthtech start-up which has developed an award-winning device to enhance mental wellbeing has secured a £200,000 investment from NPIF-Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund.

Moodbeam’s wearable device allows users to log their mood and monitor their emotional wellbeing – or that of their children, students, patients or employees. The device, which links to an online and mobile platform, gives insights into how moods change over time,

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Humber LEP Yorkshire Post Column – Partnership work key to funding business growth in the Humber

May 10, 2018

The Humber Local Enterprise Partnership (LEP) and its Growth Hub works with a number of partners to provide support for businesses in the region.

There are some excellent examples of how different types of funding and support have allowed businesses of different sizes and sector the opportunity to grow.

Recently, working with partners the Humber LEP has been able to guide and fund the growth of businesses in a number of sectors, with a particular focus on equity funding.

Words by Kishor Tailor,

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Construction firm set to build its business with £100k funding

October 31, 2017

A Hull company which provides construction services to the social housing sector has secured £100,000 funding for expansion from NPIF – Mercia Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF).

Westlinks Joiners and Locksmiths Ltd undertake major renovation, maintenance and adaptation work for a wide variety of commercial and public sector clients, housing associations and charities.  The company has undertaken various major projects including a significant role in the Building Schools for the Future programme. Established in 2007 by

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Continued growth in the Humber aided by NPIF

October 5, 2017

Never has the time been better to invest in the Humber. That’s the message being communicated to inward investors and local companies as the area rides on the back of significant investments made to benefit its key sectors.

The Humber is in the midst of an economic resurgence, with the estuary very much a key asset in driving that growth. Key sectors in energy and offshore wind have resulted in the region being recognised at the forefront of worldwide wind energy

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Award-winning video advertiser receives funding boost from Northern Powerhouse Investment Fund

September 5, 2017

An award-winning Hull-based video advertising start-up has secured funding from NPIF – Enterprise Ventures Equity Finance.

Ash TV, a Tech North Northern Star 2016 award winner, will use the investment to hire additional staff to support its ambitious growth plans. It is the first investment in Humber by NPIF – Enterprise Ventures Equity Finance.

The company was founded in 2014 by Ash Lewis, who has a background in programming and over 10 years’ experience working in online advertising for some of the UK’s largest consumer

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Hull audio-visual firm receives £100k investment from NPIF

September 5, 2017

Electric String, the Hull-based audio-visual systems specialist, has secured a £100k loan from the Northern Powerhouse Investment Fund (NPIF). This is the first investment in Humber by the NPIF – Enterprise Ventures Debt Finance.

The investment follows a number of new contract wins at Electric String, which designs and installs bespoke systems for homes, corporate spaces and luxury yachts.

The company now plans to expand its 17-strong team with the appointment of an engineer and business development manager. Founded in 2010 by

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Northern Powerhouse Investment Fund (NPIF) work with Humber-based engineering firm

September 5, 2017

The Northern Powerhouse Investment Fund (NPIF) has facilitated £250,000 worth of debt funding to Humber-based engineering firm Allied Protek Engineering Solutions.

 

Based in Grimsby, Allied Protek is an engineering specialist, providing a full project management package including design, engineering, installation and maintenance for clients in the food, drink, fine chemicals and pharma sectors.

 

The investment was made by NPIF – Enterprise Ventures Debt Finance, an NPIF product fund-managed by Enterprise Ventures, and will provide Allied Protek with the working capital to support

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