Two new initiatives operated by Invest NI open today.

Digital Selling Capability Grant

The £1 million Covid-19 Digital Selling Capability Grant will provide a maximum grant of £20,000 to eligible small and medium-sized retailers to support 50% of eligible costs. Projects must have a minimum eligible expenditure of £10,000. Full details of the scheme and eligibility criteria are available here.  This fund aims to help retail and wholesale businesses better access consumer demand and grow online sales.

The Covid-19 Equity Investment Fund

This £5 million fund will provide matching equity investment or convertible loan notes of up to a maximum of £700,000 for technology and innovative businesses. The scheme is focussed on the sectors of advanced manufacturing, materials and engineering, digital and creative technologies, life and health sciences, cyber security, precision medicine, big data, internet of things and analytics. Full details on the scheme and eligibility criteria are available here.

Further schemes are planned with details to be announced.