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NPIF II - NEL Smaller Loans

NPIF II - NEL Smaller Loans offers loans of £25,000 to £100,000 to new or growing small and medium-sized businesses in the North East and Tees Valley that can show they can repay. Open, no fixed deadline.

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

Checked against the official page (growthhub.northeast-ca.gov.uk) on 18 Oct 2026.

Loans of £25,000 to £100,000 from NEL Fund Managers for new or growing businesses in the North East and Tees Valley, for growth such as expansion, new staff, equipment, working capital or premises.

Apply or find out more Official page

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

£25,000 to £100,000

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Who can apply

New or growing SMEs based in the North East and Tees Valley that can show they can repay the loan. Businesses moving to the area may also be eligible, and up to 25% of the fund can go to businesses elsewhere in the Northern Powerhouse area. NEL does not lend to sole traders.

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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

Contact NEL's investment team on 0345 369 7007 or through NEL's online enquiry form, and NEL will send its application form.

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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.

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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. Checked against the official page (growthhub.northeast-ca.gov.uk) on 18 Oct 2026. Its details last changed on 17 Oct 2026. A person last checked it on 17 Oct 2026, so confirm the details with NEL Fund Managers before you apply.

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