GC Business Finance have announced the launch of the £660 million Northern Powerhouse Investment Fund II (NPIF II).
Over the next five years GC Business Finance will be working alongside River Capital to oversee the Smaller Loans Funds in Greater Manchester, Liverpool, Cheshire, Lancashire, and Cumbria.
This fund offers funding options ranging from £25,000 to £100,000. The impact of this substantial fund cannot be underestimated, particularly for founders, who are facing challenges in securing financial support.
Since the launch of the initial Northern Powerhouse Investment Fund in 2017, businesses have benefited from over £1 billion in direct and private sector co-investment.
The funding isn't just about loans, it's about empowering businesses to thrive. Whether they need working capital, funds for expansion projects, leasing commercial premises, or acquiring assets – the financial solutions are designed to meet their specific needs and include:
- Flexible terms tailored to their business requirements
- Designated account manager
- Bespoke 1-to-1 support throughout application process
- Apply in minutes
- Rates typically between 12-18%
For more information visit the GC Business Finance website.