NPIF Maven Equity Finance is part of the Northern Powerhouse Investment Fund (NPIF) and provides investment capital to support ambitious small and medium sized enterprises (SMEs) in the North of England which are looking to develop new products, enter new markets and/or expand their current operations.
The fund can invest up to £2m per business in a range of SMEs from start-up through to later-stage finance and to support a range of funding requirements.
Funding is primarily available for North West businesses in Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside but investments can also be made in Yorkshire & Humber and the Tees Valley.
The Fund is intended to support eligible SMEs which have fewer than 250 full-time employees. Investment terms can be flexed to suit each business, with Maven providing both operational and strategic support.