A NEW £660m fund is set to promote economic growth across the North of England.
The British Business Bank has today launched its new Northern Powerhouse Investment Fund II , which aims to provide a boost for new and growing businesses across the North. It will provide loans ranging from £25,000 to £2m and equity investment up to £5m.
'With further funding available, and a greater geographical reach in the North East, the Northern Powerhouse Investment Fund II will engage more stakeholders across the regions, bringing the business community closer together to create more opportunities for entrepreneurs everywhere.” Yorkshire businesses which benefitted from the first Northern Powerhouse Investment Fund include Castings Technology International , a casting manufacturer based in Rotherham.
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