Scotland business

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.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites