A £50 million fund for developing franchises with five or more outlets in the UK.
Individual grant levels are not stipulated.
An extra £100 million will be added during 2016.
Before You Start
Irish Allied Bank have created a new £50 million franchising fund, which will be led by two senior bankers, in a bid to create 1,500 jobs in the UK.
Franchises with five or more units will be able to access the fund, offering them the holistic, full banking service they require.
The franchise model provides applicants a way of developing their business with lower levels of investment, making it easier to quickly gain market share. For a franchisee, it gives the owner the benefit of a strong and proven brand.
Although there are no restrictions stipulated in the funding guidance, applicants are advised to contact the funding provider directly to discuss any exclusions.
What You Need To Know
Primary markets include fast food chains, coffee shops, retail and the hotel business. The bank will lend to established franchisees, which have already opened at least five outlets.
Match funding is not a specified requirement of the scheme.
Costs associated with developing the franchise.
How To Apply
Open to applications at any time.
Frequency: Rolling programme.
Link to guidelines:
Applicants should contact the funding provider via telephone on 0845 6005204.