Summary
Scheme helping Invest Northern Ireland’s SME customers enhance their leadership by appointing an experienced, independent Non-Executive Director (NED) to their company board. This expert will provide valuable, objective advice, guidance, and support to improve strategic decision-making, board operations, and leadership effectiveness.
Your business can gain the following benefits
- Advisory support to identify and engage an independent/external Non-Executive Director.
- Financial support up to £10,000 or 49% of eligible costs, whichever is the lesser.
- A two-year engagement, typically 12-24 days per annum.
Eligibility criteria
The Non-Executive Director programme is open to Invest Northern Ireland clients, which are manufacturing and/or tradeable services businesses with the potential to both
- achieve at least 25% of sales external to Northern Ireland (or at least £250,000 external sales, whichever is lower)
- employ at least ten staff, within five years
If you can demonstrate that your business meets these criteria, you may be eligible to apply to become an Invest NI client.
You must also meet the following criteria to be eligible for the scheme
- be a limited or unlimited company registered in Northern Ireland
- have turnover of at least £500,000, with 25% export sales (or commit to achieve this over the duration of the project)
- have an existing, or wish to form, a company board
Additional information
To participate in the Non-Executive Director Scheme, your business will need to complete the following steps
- Selecting and appointing the Non-Executive Director.
- Scoping of the project in conjunction with the Non-Executive Director.
- Submitting the NED Scheme application for support to Invest NI.
- Negotiating and agreeing the terms and conditions of the NED’s appointment and confirming this in a formal letter of engagement.
- Registering the NED as a director of the company with Companies House.
