Investments
37Portfolio Exits
7Funds
3About Invest Northern Ireland
Invest NI is the main economic development agency for Northern Ireland. The company's role is to grow the Northern Ireland economy by attracting new investment to Northern Ireland and to help new and existing businesses to thrive and compete internationally.
Invest Northern Ireland Headquarter Location
Bedford Street Bedford Square
Belfast, Northern Ireland, BT2 7ES,
United Kingdom
028 9069 8000
Latest Invest Northern Ireland News
Feb 17, 2022
17 Feb 2022 Ireland Deals, Manufacturing Laurence Kilgannon James Norris, managing director of J N Hire; Joe Annett, founder and managing director of Anachem Hygiene; Mark Bleakney, Invest Northern Ireland’s southern regional manager; and Ronald McConnell, partner, Mourne Craft Three Kilkeel-based manufacturing SMEs are investing more than £650,000 collectively to grow their businesses in Great Britain and RoI. JN Hire, Mourne Craft and Anachem Hygiene will also create 12 jobs as part of their investments. Plant hire and manufacturing company JN Hire recently started manufacturing hydraulics and specialist PPE for the fishing and marine sectors, boosting its exporting potential. Managing director James Norris said: "To capitalise on growth opportunities in GB, RoI and across Europe, Invest NI is supporting us to create six jobs that will expand our team’s expertise and capacity. It has also provided support for marketing activities that will help us build our brand in international markets." Mourne Craft specialises in the design, manufacture and installation of external stainless steel and glass balustrades and internal staircases for commercial and residential projects. The company is currently selling in GB and RoI, and Invest NI support is helping to strengthen this success. Ronald McConnell, a partner at Mourne Craft, said: "We've been working with Invest NI’s Southern regional team since 2018, and its advice and guidance has been instrumental to our growth so far. We’re now experiencing an increase in demand for our products in the new-build construction market and hiring three new staff will enable us to target this new market in both GB and RoI and secure more sales." Anachem Hygiene is also investing in its business to increase its exports in RoI, and break into the GB market. Founder and managing director Joe Annett said: "We've been developing and manufacturing cleaning chemicals for professional, industrial and automotive sectors from our Kilkeel facility for over 20 years. "To expand our product portfolio and keep up with our competitors, we’ve developed new environmentally friendly cleaning solutions. This has created a significant market opportunity for us to target new business in RoI such as care homes, schools, and hospitals, and also build our presence in GB. Invest NI has offered £78,750 of support towards the new jobs, and marketing activities. Mark Bleakney, Invest Northern Ireland’s southern regional manager, said: "It was great to meet with J N Hire, Mourne Craft and Anachem Hygiene today to hear about their plans to grow their businesses in the Newry, Mourne and Down District Council area. Each of these SMEs is well established in Kilkeel and has contributed positively to the economic growth of the area for many years." The support is part funded by the Department for the Economy Economic Recovery Action Plan.
Invest Northern Ireland Investments
37 Investments
Invest Northern Ireland has made 37 investments. Their latest investment was in RESPONSIBLE as part of their Grant on February 2, 2022.
Invest Northern Ireland Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/21/2022 | Grant | RESPONSIBLE | $0.13M | Yes | 1 | |
12/2/2021 | Grant | Neurovalens | $0.3M | No | 2 | |
6/29/2021 | Seed | Haru | $0.62M | Yes | 1 | |
3/31/2021 | Series B | |||||
1/14/2021 | Grant - III |
Date | 2/21/2022 | 12/2/2021 | 6/29/2021 | 3/31/2021 | 1/14/2021 |
---|---|---|---|---|---|
Round | Grant | Grant | Seed | Series B | Grant - III |
Company | RESPONSIBLE | Neurovalens | Haru | ||
Amount | $0.13M | $0.3M | $0.62M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 2 | 1 |
Invest Northern Ireland Portfolio Exits
7 Portfolio Exits
Invest Northern Ireland has 7 portfolio exits. Their latest portfolio exit was Fusion Antibodies on December 18, 2017.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/18/2017 | IPO | 1 | |||
Date | 12/18/2017 | ||||
---|---|---|---|---|---|
Exit | IPO | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
Invest Northern Ireland Fund History
3 Fund Histories
Invest Northern Ireland has 3 funds, including Growth Loan Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
10/5/2018 | Growth Loan Fund II | $39.34M | 1 | ||
12/13/2016 | Invest NI Fund | ||||
1/1/2012 | Growth Loan Fund I |
Closing Date | 10/5/2018 | 12/13/2016 | 1/1/2012 |
---|---|---|---|
Fund | Growth Loan Fund II | Invest NI Fund | Growth Loan Fund I |
Fund Type | |||
Status | |||
Amount | $39.34M | ||
Sources | 1 |
Invest Northern Ireland Team
6 Team Members
Invest Northern Ireland has 6 team members, including current Chief Executive Officer, Alastair Hamilton.
Name | Work History | Title | Status |
---|---|---|---|
Alastair Hamilton | Chief Executive Officer | Current | |
Mel Chittock | Managing Director | Current | |
Jeremy Fitch | Managing Director | Current | |
Tracy Meharg | Managing Director | Current | |
Ian Murphy | Managing Director | Current |
Name | Alastair Hamilton | Mel Chittock | Jeremy Fitch | Tracy Meharg | Ian Murphy |
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | Managing Director | Managing Director | Managing Director | Managing Director |
Status | Current | Current | Current | Current | Current |
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