Invest Northern Ireland has launched the Growth Loan Fund II, a £30m fund to support SMEs with growth potential. The fund succeeds the Growth Loan Fund set up in 2012 which committed £55m to more than 100 businesses.
The fund, managed by WhiteRock Capital Partners, will provide loans ranging from £100k to £500k for growing businesses with an export focus.
Paul Millar said: "There have been a number of great success stories during the life of the Growth Loan Fund. For example, Vita Liberata, one of the first funding recipients, which was sold in a multi-million-pound deal earlier this year."