duck
Member of DD Central
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Post by duck on Feb 20, 2017 7:16:27 GMT
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micky
Member of DD Central
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Post by micky on Feb 20, 2017 10:27:12 GMT
Before investing I suggest you read these threads on FS-
-Londonderry loans (May 2016)
-Properties in Northern Ireland - Posting 1/2/17
New business is not always good business.
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Post by mrclondon on Feb 22, 2017 20:01:19 GMT
Whilst there remains a lot of uncertainty as to how the UK economy as a whole will fare over the next few years as brexit unfolds (particularly in any transition period 2019-21 say) personally I can not see anything but downside for the Northern Ireland economy, as any internal UK slow down will be compounded by a loss of trade from Eire as brexit will slow the economy south of the border significantly (especially in argiculture).
There is already something of a hotspot of p2p loans in NI, and its worth noting that between FS and TC there are several large scale development projects being funded, whereas p2p funding of developments of that scale (50 to 100 to 250 units) is practically unheard of in the rest of the UK. Which to my mind implies mainstream finance is reluctant to fund the more speculative projects in NI.
On the whole it sounds like a shrewd move by AC to target NI, as the many engineering/manufacturing SME businesses could well find mainstream finance harder and harder to procure, but care is going to be needed with speculative development projects and anything related to discretionary retail spending (restaurants etc).
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