3 June 2019
Loan scheme for property developers refurbishing existing buildings or new build start-up and early stage grow-on workspace across Northern Ireland
Invest Northern Ireland is currently inviting expressions of interest from property developers with plans to develop start-up and early stage grow on workspace. The Flexible Workspace Loan Scheme will offer loans up to a maximum of 40 per cent of total development costs. Subsidised interest rates will only apply for the initial loan period and interest rates will revert to commercial rates thereafter.
Proposals submitted will be required to align with both council and Invest Northern Ireland strategic priorities. Plans will also be expected to have appropriate council endorsement with comment on alignment to strategic targets and also the supply of similar workspace in the council area.
Expression of interest
There will be a scoring and ranking process at the initial expression of interest stage and those considered eligible to progress will be subject to Invest Northern Ireland’s internal approvals process which includes a robust diligence and challenge process.
The deadline for expressions of interest is 5pm Friday 30 August 2019.
For further details download: