The Northern Ireland Small Business Loan Fund II is administered by our fund management company, Ulster Community Finance Ltd, on behalf of Invest Northern Ireland.
Set up to provide access to finance for small businesses, sole traders and partnerships who are keen to develop their business but may find it difficult to access funding through traditional sources.
Out team at Ulster Community Finance Ltd, were initially awarded the fund management contract for NISBLF I and are currently contracted to fund manage NISBLF II.
NI Small Business Loan Fund II
(Revolving £5.5m loan fund managed by Ulster Community Finance Ltd on behalf of Invest Northern Ireland commenced July 2018)
Figures to 31 December 2021:
New Generation Agriculture Ltd.
New Generation Agriculture was established in July 2015. The business partnered directly with Australian soil management and food production management company, Nutri-Tech Solutions, to bring their products to the UK and Irish markets.
New Generation Agriculture originally accessed £27,000 of working capital finance from the NI Small Business Loan Fund II in January 2018 and a further £30,000 the following year. To date, the company has achieved significant year on year turnover growth as they set up new distributor agreements throughout the UK & Ireland as well as increasing direct end user sales.
“As the demand for food from a growing global population increases, against the backdrop of diminishing available topsoil to support crop growth, our partnership with Nutri-Tech solutions has enabled us to bring their ‘Nutrition Farming’ approach to soil management and food production, to customers in the UK and Ireland.
We’ve benefitted from the positive working relationship with the Northern Ireland Small Business Loan Fund team since 2018 when we secured our first working capital loan. We availed of the fund again in 2019 to support our working capital requirements as the demand for products continues to grow.”
Eugene Hackett, Operations Manager New Generation Agriculture Ltd.