To start a business in the UK, you need a financial cushion. In this article we will deal with modern ways of financing companies in Northern Ireland.
In the modern world, you can see the trend of cooperation in the field of startups (for example, Ulster Bank, Catalyst Belfast Fintech Hub). Cooperation with regional players plays an important role for business development in Northern Ireland.
Northern Ireland offers an attractive base for start-up companies with lower office rental costs (for collaboration), lower costs than in the rest of the UK and Europe. If you want to start an investment activity in the UK, then Northern Ireland will serve as an excellent platform in this region.
Financial support (grants) can be provided for companies starting their activities by the government in Northern Ireland. There are a number of organisations that can offer a wide range of advice, practical support and access to grant funding in Northern Ireland. If you are interested in grants in Northern Ireland and need legal assistance to obtain funding in the UK, please contact us.
Investment activity (Northern Ireland) includes a wide range of financing.
These include debt financing from the Northern Ireland Small Business Loans Fund, the Growth Finance Fund (which is also supported by the British Business Bank). Co-Fund NI II offers equity financing by co-investing together with business angels and other private investors in transactions typically worth around 150,000 pounds.
