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Northern Powerhouse Investment Fund II: Debt Finance

Northern Powerhouse Investment Fund II is a loan of £100,000 to £2,000,000 for micro, small and medium-sized businesses with growth potential in the North East and Tees Valley. Open, no fixed deadline.

Run by NEL Fund Managers, British Business Bank · funded by Northern Powerhouse Investment Fund II

Last read from growthhub.northeast-ca.gov.uk on 24 Oct 2026.

A debt finance fund to help smaller business owners deliver their business ambitions and grow. Aimed at smaller companies that can demonstrate growth potential.

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These details are gathered from public web pages and are not financial advice. Check them with NEL Fund Managers before you apply.

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Status and deadline

Status

Open all year

Not confirmed on the official page

Deadline

Open all year

Not confirmed on the official page

How much

£100,000 to £2,000,000

Confirmed on the official page

Who can apply

Businesses based in the North East and Tees Valley that can show growth potential. Up to 25% of the fund can go to businesses elsewhere in the Northern Powerhouse area. Sole traders cannot apply.

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Business size

Micro (under 10 staff), Small (10 to 49 staff), Medium (50 to 249 staff)

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Could your business apply?

Tell us about your business and an AI will compare it with this scheme's rules: what fits, what doesn't and what to check with NEL Fund Managers. It takes a few seconds.

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How to apply

Make an enquiry to NEL Fund Managers through its online enquiry form or by phone on 0345 369 7007.

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Where it is open: the North East

North East England

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See everything open inNorth East England

HartlepoolMiddlesbroughRedcar and ClevelandStockton-on-TeesDarlingtonHaltonWarringtonBlackburn with DarwenBlackpoolKingston upon Hull, City ofEast Riding of YorkshireNorth East LincolnshireNorth LincolnshireYorkCounty DurhamCheshire EastCheshire West and ChesterNorthumberlandCumberlandWestmorland and FurnessNorth YorkshireBurnleyChorleyFyldeHyndburnLancasterPendlePrestonRibble ValleyRossendaleSouth RibbleWest LancashireWyreBoltonBuryManchesterOldhamRochdaleSalfordStockportTamesideTraffordWiganKnowsleyLiverpoolSt. HelensSeftonWirralDoncasterRotherhamNewcastle upon TyneNorth TynesideSouth TynesideSunderlandBradfordCalderdaleKirkleesLeedsWakefieldGatesheadBarnsleySheffield

Shaded: 12 council areas in North East England.

Drawn from the areas the funder names. If a scheme is only for part of a council area, check its own page. Boundaries from the Office for National Statistics.

Things we could not confirm

  • The page does not say how to apply or whether applications are open; see the British Business Bank website for more information.
  • Delivered by British Business Bank; its own rules may apply.
  • Business size is not stated; 'smaller companies' is used, so sizes are a guess and left as small and medium.
  • Area is not stated on this page; North of England is inferred from the Northern Powerhouse fund name and should be checked.
  • Deadline not stated.

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Source and last checked

Local Landscape gathers this information automatically from the pages below, then checks the key details against the official page. Last read from growthhub.northeast-ca.gov.uk on 24 Oct 2026. Its details last changed on 9 Oct 2026. A person last checked it on 9 Oct 2026, so confirm the details with NEL Fund Managers before you apply.

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