ULSTER Bank Markets has launched its 1997 Business Expansion Scheme. It aims to raise £3-£5 million to invest in companies in the food, software/information technology, tourism and leisure and household furnishings sectors. The criteria for investment includes that a company must be well managed, have exciting potential for future growth and be backed by promoters with proven track records.

The fund is being jointly promoted by Ulster Bank subsidiary, NCB Corporate Finance and accountants Chapman Flood. "Our policy is to take an active role in the development of investee companies, particularly in the area of financial advice and corporate strategy," said Mr Pat Landy a director of NCB Corporate Finance.