The British Business Bank together with the Local Enterprise Partnerships is holding an event in Penrith to tell local partners about the new £400m Northern Powerhouse Investment Fund (NPIF) and how to access it.

The event will brief business advisers and the local business community on the new funding opportunities available and on how businesses can access the funds.

The Northern Powerhouse Investment Fund, which has been established in conjunction with the European Regional Development Fund (ERDF), the European Investment Bank (EIB) and the UK Government will provide small and medium businesses with increased flexibility in the types of funding available, as well as boosting investment levels in the North.