It’s hard to believe that a year has already passed since we launched the NPIF II NW Equity Fund in collaboration with the British Business Bank North of England.
This £100m fund, part of the larger £660m NPIF II initiative, was created to support the most promising businesses in the North West. Over the past 12 months, we’ve had the privilege of backing 26 businesses with £15m in funding across five North West regions.
From the outset, our mission has been to support inspiring founders who are building businesses that address real-world problems. We’ve seen incredible innovation and determination from these entrepreneurs, whether they’re developing padel courts or creating cutting-edge estate agency software.
Our support has also spanned early-stage ventures with PraeSeed to scale-ups aiming for global expansion, and we firmly believe that these businesses will elevate the North’s ecosystem on the global stage.
This milestone wouldn’t have been possible without the unwavering support of the British Business Bank team, our advisers, investors, founders, partners, ecosystem supporters, and accelerators. Their dedication and hard work have been instrumental in driving these successes.
As we look back on this remarkable year, we’re excited to share a video featuring NPIF II lead Louise Chapman and some of our founders, showcasing the journey so far.
Looking ahead, we can’t wait to see what the next 12 months will bring. With NPIF II, we remain committed to investing between £200k and £5m into growing businesses in the North of England. Here’s to another year of innovation, growth and success!
