Co-Fund NI - Sub-page Template

Companies

The fund is not open to direct approaches from individual businesses and those seeking investment should first secure the interest of private investors. However it will work with existing private investors and businesses where a substantial proportion of the required private sources of funding are in place, and they are working towards setting investment terms and filling out a round.

Fund requirements

  • Must be SME with operations substantially based in Northern Ireland
  • Must not be in prohibited EU sector (e.g. Defence, Tobacco, Gambling) and generally be in manufacturing or tradable services (Export)
  • Must be an identified funding gap in a proposed investment (Companies must have tried and been unable to raise all required funding from private sources)
  • Funding is subject to “State Aid” and therefore investment cannot breach State Aid Block exemption (must take account of other “State Aid” receipts or offers such as grants)

What Co-Fund will not do

  • Source primary investors
    For this we suggest you contact Halo, HBAN, other UK and ROI business angel networks or Corporate Finance, Legal, Accountancy and other Professional advisors)
  • Provide direct/formal investor readiness for companies
    For this we suggest you contact Invest, Propel, NISP Connect, Intertrade Ireland)
  • Engage with companies before they have identified significant proportion of required private investment (must have tried to raise funding from private sources)

What Co-Fund will do

  • Effect introductions to private investors but only to help Companies fill out investment rounds
  • Work with investee companies and investors going forward and plan for and expect follow on investment rounds

What the Co-Fund will need to progress

  • Completed application form and supporting documentation
  • Introduction to private investors including contact details for lead private investor(s)
  • Inclusion of standard Invest NI terms and conditions in any investment agreement (available on request once a specific deal is progressing)
  • Parri passu investment terms with private investors ideally incorporated into a term sheet
  • Standard legal and financial due diligence checklist as part of an investment process
  • Standard information regarding FSA compliance including corporate identity verification and Directors Questionnaires (available on request once a specific deal is progressing)

Complete the company application form

More information for investors



Provided by Invest Northern Ireland and part-financed by the European Regional Development Fund under the European Investment for Growth and Jobs Programme 2014-2020.

Clarendon Fund Managers Limited is authorised and regulated by the Financial Conduct Authority

The content of the information and materials on the Website and any other information and material provided by or though CFM in connection with Co-Fund NI and associated investment opportunities and Investee Companies, including any financial promotion [as defined in Financial Services and Markets Act 2000("FSMA")] constituted thereby, has not been approved by an authorised person within the meaning of FSMA. Reliance on the information provided in relation to any specific Investee Company or otherwise, including any financial promotion constituted thereby, for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested

INI and ERDF