Northern Powerhouse Investment Fund II: NEL Smaller Loans is a loan from NEL Fund Managers (British Business Bank NPIF II). Amount: £25,000–£100,000 (per Review North).
Sourced North East is not the funder. Details can change, so confirm eligibility and deadlines on the official page before applying or spending money.
One short, free email each Monday: new schemes, changed amounts and deadlines closing that week. Every item links to its official source.
£25,000–£100,000 (per Review North)
SMEs in the North East and Tees Valley within the NPIF II area. Lending criteria on the NEL site.
Open. Check with funder. Last checked 19 Oct 2026; always confirm on the official page: https://growthhub.northeast-ca.gov.uk/finance-and-funding
NEL Fund Managers (British Business Bank NPIF II) · Loan
£100,000–£2m (per Review North)
Newcastle, North Tyneside, Northumberland, Gateshead, South Tyneside, Sunderland, County Durham, Tees Valley · Checked
Maven Capital Partners (British Business Bank NPIF II) · Equity
Up to £5m (per Review North). Check with funder.
Newcastle, North Tyneside, Northumberland, Gateshead, South Tyneside, Sunderland, County Durham, Tees Valley · Checked
North East Fund, managed by Mercia Ventures · Equity / convertible loan
Initial £50,000–£350,000, up to £1m in total
Newcastle, North Tyneside, Northumberland, Gateshead, South Tyneside, Sunderland, County Durham · Checked
