Parliamentary Search

Written question asked by Ian Lavery (Labour) on Friday, 5 June 2026, in the House of Commons. It was due for an answer on Tuesday, 9 June 2026. It was answered by Blair McDougall (Labour) on Thursday, 11 June 2026 on behalf of the Department for Business and Trade.

Northern Powerhouse Investment Fund

Question

To ask the Secretary of State for Business and Trade, what the Northern Powerhouse investment fund has done to increase employment in areas historically impacted by deindustrialisation.

Answer

The two generations of the Northern Powerhouse Investment Fund (NPIF) support employment across the North of England by increasing access to finance for smaller businesses to start, scale and innovate.

The first NPIF delivered more than £1 billion of combined public and private sector investment to businesses across the North of England, of which £613 million was private sector investment. The Fund created more than 7,900 jobs.

Since launch, NPIF II has supported more than 400 businesses, facilitating almost £275 million of investment, and we would expect job creation across the North as under the first-generation fund.

Secondary information

Type
Written question
Reference
7147
Session
2026-27
Subjects
Employment Northern Powerhouse Investment Fund
Link
View this Written question on www.parliament.uk