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Invest NI weaves £30m Growth Loan Fund II for local SMEs

Source: https://www.belfasttelegraph.co.uk

Economic development agency Invest NI has launched a new £30m phase of its Growth Loan Fund. The latest programme is a successor to the Growth Loan Fund, which was set up in 2012 and went on to commit £55m to more than 100 businesses.Growth Loan Fund II will be managed by WhiteRock Capital Partners.William McCulla, director of corporate finance at Invest NI, said: “The Growth Loan Fund has been a very successful stream of finance, helping over 100 businesses bring forward growth plans and develop exports.”Firms to have benefited from the programme include Sports Merchandising.