More than 6,000 new high quality jobs have been created through the Northern Powerhouse Investment Fund since its launch five years ago, new data shows.
Since its launch in 2017, the Northern Powerhouse Investment Fund (NPIF) has made 1,324 investments into 983 companies totalling £318m to the end of January 2022. The Fund has also generated an additional £437m in private sector leverage, boosting the overall impact on Northern SMEs.
A new report by independent research company SQW has also analysed the impact of NPIF – which provides equity, debt and microfinance to businesses in the North West, Yorkshire and Humber, and Tees Valley regions – demonstrating how the fund has increased productivity, employment and skills across the North.
