NPIF II delivers £275 million regional boost

Pictured, from left to right, are Chris Hird, S&W director; Jane Siddle, NEL Fund Managers' senior investment executive; and Stephen Makinson, Mechplant director

A regional investment programme has helped hundreds of North East businesses secure funding to support expansion, innovation and job creation over the past two years.

The Northern Powerhouse Investment Fund II (NPIF II) has backed more than 400 businesses across the North East since launching in 2024, facilitating almost £275 million of investment through 449 deals.

More than £151 million of direct funding has also unlocked a further £122 million in private sector investment, supporting businesses across a range of sectors including technology, construction and professional services.

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