The Northern Powerhouse Investment Fund aims to help fund the ambitious development programme. It is made up of funding from the UK government, the British Business Bank, the European Development Fund and the European Investment Bank, together with Local Enterprise Partnerships (LEPs). The £400 million Northern Powerhouse Investment Fund aims to assist businesses in the region with growth through funding. Companies can access finance through applications which are granted by Fund Managers. Small and Medium-sized businesses in the North have been able to access the finances they need. There is a range of funding options available through the Northern Powerhouse Investment Fund.
By working with local partners, the fund has been able to finance smaller projects with potential for large-scale growth. This leads to an increase in job opportunities. It has also been funding infrastructure projects and new Northern Powerhouse developments. In addition to providing access to finance, they provide business support and training through local providers.