Pow­er­house fund in £31m in­vest­ment

Yorkshire Post - Business - - BUSINESS -

FI­NANCE: The North­ern Pow­er­house In­vest­ment Fund (NPIF) has in­vested £31m in 207 north­ern-based SMEs (smal­land-medium-sized en­ter­prises) dur­ing the first 12 months of its oper­a­tion.

The £400m fund, which is sup­ported by the Euro­pean Re­gional De­vel­op­ment Fund, the Gov­ern­ment and the Euro­pean In­vest­ment Bank, was launched by the Bri­tish Busi­ness Bank.

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