Chancellor Healey unveils £150m fund for North

Chancellor John Healey is set to unveil a £150 million fund for innovative and fast-growing companies in the North of England on Monday, September 7, 2026, as part of a broader strategy to stimulate economic growth across the United Kingdom. The announcement, made during a speech at a manufacturing site, outlines a plan to decentralize power and leverage public investment to attract private capital, aiming to foster development in regions outside of London. The new fund, drawn from existing allocations within the British Business Bank, will provide investments ranging from £5 million to £15 million. It is intended to support university spinouts and other ambitious businesses, particularly those in major northern cities like Liverpool, Manchester, Leeds, Sheffield, and Newcastle. Healey's initiative is designed to empower city regions with greater authority to develop local industrial strategies and create conditions conducive to wealth creation and investment. In his address, Healey is expected to emphasize a fundamental shift in approach, stating that "the next chapter of Britain's growth story will be written in more places.