The British Business Bank, the UK government-owned economic development bank, has today announced a £10.5m commitment to WhiteRock Capital Partners LLP’s new Growth Finance Fund. This is the first time that the Bank has invested in a fund aimed exclusively at supporting growing businesses in Northern Ireland.

The Growth Finance Fund will support loans from £500,000 up to £2m to established smaller growing businesses in Northern Ireland over the next four years.Companies seeking funding – the majority of which are expected to be operating in the manufacturing, engineering or tradable services sectors – must be based in Northern Ireland and be demonstrating existing growth.