Braveheart Investment group to manage £50m NI fund
Perth-based investment group Braveheart has been appointed to manage a £50m loan fund.
The Growth Loan Fund (GLF) is aimed at supporting small and medium-sized businesses in Northern Ireland.
The company said it was part of its new strategy to generate fee-based revenues through its fund management activities.
Braveheart chief executive Geoffrey Thomson said: "This contract brings a high quality and visible income stream over a 10-year period."
He added that the arrangement also established the company in a new location.