Two men talking in a warehouse.

Northern Powerhouse Growth Fund

Helping businesses flourish

The Northern Powerhouse is an initiative that aims to bring together cities and towns of the north of England and Wales to create an economic powerhouse. It relies on essential funding from the government and a network of partners – including us – to help ensure the North is the right place to grow a business.

We’ve made £500m1 available for the Northern Powerhouse region. The 5-year initiative offers small and medium-sized local businesses a range of lending options that supports day-to-day cashflow, expansion, investment and growth as well as support from a team of dedicated regional Relationship Managers.

The fund can provide a range of business lending services to support day-to-day cashflow, expansion and investment for growth of SMEs, including

  • An overdraft of up to £250,000 2
  • Term lending fee-free of up to £25,000 3
  •  Up to £100,000 lending without the need for tangible security*
  • Cashflow funding to invest in acquisitions and organic business growth
  • Lending and debt support that can be combined with the government’s Northern Powerhouse Investment Fund

Subject to application and status

* Each active director of / partner in the business will have to sign a short form personal guarantee in relation to the lending.  This is a personal guarantee incorporated within the overdraft / loan facility letter, and each person who signs a short form personal guarantee will be personally liable for the lending in addition to the business.


Our fund4 is for small and medium-sized enterprises within the Northern Powerhouse region, including

  • Established businesses with ambitious growth plans
  • Start-ups with high-growth potential
  • Companies with early-stage equity funding
  • Businesses that focus on innovation, technology and research and development

Ready to apply?

To find out more or to apply, speak to us today.

Existing Barclays customer?

Give us a call 0345 605 23455

Don’t have an account with us?

If you’re new to Barclays call us on 0800 515 4626. We’ll need to see certain identification documents and financial statements when you apply. Due to these unprecedented circumstances, we have been receiving a high volume of requests, therefore your application will take us longer than usual to process. Thank you for your patience.

You may also be interested in

Midlands Growth Fund

Supporting long-term growth.

Looking to take your business to the next level? Find out how our fund could support you.

 A group of Barclays employees standing outside.

Thriving local economies

Around the UK, we’re identifying the characteristics of – and barriers to – thriving local economies.

In the frame

New technology helps boost capacity.

An investment in new technology and infrastructure lets Blackburn-based manufacturer SAS Chairframe grow.