<p>The Nations and Regions Investment Funds were announced at the 2021 Spending Review and will be delivered by the British Business Bank. The Funds will deliver a mix of debt and equity finance to businesses in their area. The allocations are:</p><p> </p><ul><li>£600m for a new Northern Powerhouse Investment Fund;</li><li>£400m for a new Midlands Engine Investment Fund;</li><li>£200m for a South West Investment Fund;</li><li>£150m for a Scotland Investment Fund;</li><li>£130m for a Wales Investment Fund; and</li><li>£70m for a Northern Ireland Investment Fund.</li></ul>