Why the Humber
Financial infrastructure
The Humber has a collaborative attitude to doing business, with core organisations across the region forging together to help you make the right connections. Whether you have an investment enquiry, are a new or growing business, or perhaps interested in relocating – you’ll find strong support network here, committed to helping you realise your objectives.
Northern Powerhouse Investment Fund
It is a key part of the Government’s ‘Northern Powerhouse’ vision, which aims to help reduce the North/South divide and create economic prosperity in the North of England on a par with London and the South East.
The Government firmly believes that smaller businesses (SMEs) form the foundation of the region’s future growth. NPIF therefore aims to nurture regional entrepreneurship by providing investment and support for SMEs between 2016 and 2021. NPIF's funding will support new and growing SMEs, create jobs and encourage and attract additional private-sector investment.
Delivered by the British Business Bank, NPIF aims to drive sustainable growth and prosperity across the North, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses.
The Government firmly believes that smaller businesses (SMEs) form the foundation of the region’s future growth. NPIF therefore aims to nurture regional entrepreneurship by providing investment and support for SMEs between 2016 and 2021. NPIF's funding will support new and growing SMEs, create jobs and encourage and attract additional private-sector investment.
NPIF provides commercial finance through three types of product funds: microfinance, debt finance and equity finance. These funds provide funding options that are designed to plug common gaps in the provision of finance, giving your business access to the funding it needs to help it grow.
The funding options are:
- Microfinance - £25,000
- Debt Finance - £100,000 - £750,000
- Equity Finance - £50,000 - £2m
Find out more here.
Innovation funding
Spark Fund
Spark Fund is managed by the University of Hull and uses ERDF grant funding to support businesses to bring forward innovative products, services or processes. Made up of three funding streams – innovation vouchers, R&D grants and low carbon R&D grants – Spark Fund is a flexible and responsive programme which works with business owners and leaders to identify, define and deliver innovation and research projects which fit their individual needs, aspirations and plans.
HEY LEP Growth Hub
The Hull and East Yorkshire Local Enterprise Partnership (HEY LEP) runs the HEY Growth Hub, where you will find a selection of grant funding schemes in operation across Hull and East Yorkshire. Find out more here.
Greater Lincolnshire LEP Funding Opportunities
The Greater Lincolnshire LEP runs a funding opportunities webpage, where you can find out more about support on offer, existing funding streams and the latest newly-announced opportunities. Find out more here.
