In the current economic climate it’s harder than ever to get a bank loan or funding to invest in business development or business growth. Businesses are faced with lower levels of grant availability and more stringent lending regimes. The combination of this means it is often harder for them to finance growth.
Invest Northern Ireland has put in place a £100m Access to Finance Initiative to ensure that companies with high growth potential are not held back because they cannot access finance. Through the suite of funds Invest NI will be able to offer a continuum of funding for business seeking between £1k and £2m.
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