THERE has been a widespread welcome for the launch of a specific €300m lending fund for small and medium-sized firms by the European Investment Bank (EIB).
The fund will be distributed through a number of the commercial banks and is available at rates below current lending rates to business.
Also Invest Northern Ireland yesterday announced that a new suite of initiatives to support start-up and early stage businesses in Northern Ireland will be open for applications from 1 May. The support includes a £5 million venture fund element to focus on seed and early stage businesses, typically investing from £50,000 to £250,000. A £3 million proof of concept fund will provide funding to very early, non-university projects.
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