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25th March 2019

NPIF celebrates £184m of investment in Northern businesses in 2 years since launch

As it reaches the second anniversary of its launch, the Northern Powerhouse Investment Fund (NPIF) is celebrating having directly invested £100m in 385 Northern-based SMEs, in deals that have attracted an additional £84m of investment from the private sector.

The £400m investment fund was launched in 2017 by the British Business Bank using funding from the European Regional Development Fund, HM Government and the European Investment Bank. NPIF forms a key part of the BBB’s activities to help reduce regional funding imbalances and create economic prosperity in the North of England.

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