Investment Fund for Northern Ireland
The fund offers two different commercial finance options of loans ranging from £25,000 to £2 million and equity investments up to £5 million
The British Business Bank has announced funding for Northern Ireland under the Investment Fund for Northern Ireland which will deliver a £70 million commitment of new funding to smaller businesses.
The fund aims to drive sustainable economic growth by supporting innovation and creating local opportunities for new and growing businesses across Northern Ireland, including rural, coastal and urban areas.
The Investment Fund for Northern Ireland offers two different commercial finance options of loans ranging from £25,000 to £2 million and equity investments up to £5 million.
Debt Finance from £25,000 - £2 million
The debt finance option is designed for smaller companies that can demonstrate growth potential.
As small businesses grow, large capital injections are often needed to move them to the next level. The Investment Fund for Northern Ireland could help smaller business owners to deliver their business ambitions, including:
- leasing new commercial premises
- hiring a new team
- funding marketing costs
- purchasing new machinery or equipment
- launching a new product or service
Read more about Debt Finance.
Equity Finance
Up to £5 million Equity finance is widely accepted as an important ingredient for businesses with the potential for high growth. It can provide long-term backing to fund business growth through revenue and profit. In simple terms, equity finance is raising capital through the sale of shares in a business.
An equity-based investment could be right if you run an established business with ambitious plans or a large start-up with high growth potential.
Read more about Equity Finance.
Find out more about the Investment Fund for Northern Ireland.
First published 28 November 2023