About Us

We are based in the prestigious Scottish Provident building in the heart of historic Belfast where we enjoy the benefits of a growing FinTech Hub, UK regulated status, and the UK’s only land border with an EU member state.

We are ISO 9001 Certified and experienced at operating to a high standard in regulated environments.

Our Business

Northern Provident Investments are Authorised and regulated by the Financial Conduct Authority and are an HMRC approved Innovative Finance ISA (“IFISA”) Manager. Using our state-of-the-art online platforms, we provide the ability for individuals to invest in share issues and mini-bonds either via our IFISA accounts or directly. Our IFISA accounts allow UK resident investors to potentially benefit from tax-free returns on their investments, in accordance with UK Government rules and allowances

We perform due diligence on the Directors of each Bond Co whose products we facilitate investment in. This process is in addition to the complimenting checks which are also performed by the appointed law firm. We only work with borrowers who have a proven experience of successful delivery in the area in which they are seeking to raise finances for.

What is an IFISA?

The UK Government introduced the Innovative Finance ISA (IFISA) in April 2016. It is similar to a traditional Cash ISA
but allows savers using debt-based securities (e.g. Mini-bonds) platforms to receive tax-free interest.

Whilst there is an annual IFISA investment limit of £20,000 (tax year 2018/19), this cap relates exclusively to newly introduced capital which is subscribed during the current Tax Year. This means that there is in effect no limit to the overall amount of ISA cash that an investor can transfer into his or her IFISA, provided it has been accumulated within the ISA regime over previous years – meaning an unlimited amount of a Cash ISA account could be transferred in into our IFISA, if the investor so wished.

Investors wishing to transfer-in existing Stocks & Shares ISA capital will not be able to transfer in their existing investment holdings – investors cannot hold stocks or shares within an IFISA. Instead, such investments will need to be liquidated within the Stocks & Shares ISA itself by the Stocks & Shares ISA platform provider, and the funds then transferred across into the Innovative Finance ISA as cash. Upon instruction from an investor, NPI will work with the investor’s Stocks & Shares ISA provider to complete the required liquidation of assets and transfer of funds into the desired IFISA with us.

Transferring your ISA

Transfer in your existing ISA using our online platforms for the product of your choice. For each product, help with your application or transfer is available from dedicated staff who will happily talk you through the process and can input many of the details on your behalf.

There is no upper limit on the amount you can transfer and once we have your transfer authorisation, we’ll conduct the transfer with your existing ISA manager, making the requirements on you as minimal as possible.

Your ISA transfer can be completed mostly online however, we require a wet signature from you,
meaning that you will be required to sign one our transfer request forms.

Transferable Mini Bonds

Many of the products into which our IFISA funds are invested, are a transferable Mini Bond. Mini-bonds are a way for individuals to lend money directly to businesses. They are in effect IOUs which the companies sell to investors to raise finances, often for either specific projects or expansion. Typically, they have terms of three to five years, and investors earn regular interest payments during the life of the mini-bond. They are non-listed and have a maximum value of a up to €8,000,000.

Transferable Mini-bonds are eligible to be transferred (sold) by the holder however, there is no ready market in which the Bonds may be sold. Whilst Bondholders may request that their Bonds are made available for sale, there is no guarantee that the Bonds will be purchased by other prospective Bondholders nor is there is any guarantee regarding the time it will take to complete the transfers or whether purchasers will be found. Northern Provident Investments do not currently provide a secondary market for the resale of the Mini-bonds.


Our fees are agreed with the issuer of each product. For many of our products, the issuers themselves cover all the IFISA account opening, ISA transfer, and annual fees meaning that the investors often have no fees to pay during the entire life cycle of their investment. Any fees that investors are liable for per product are clearly detailed in the information provided by the issuer of each product.



Although our investments are normally asset backed this would not guarantee that all capital would be repaid. This also means that there is a liquidity risk and there is likely to be a delay in repaying your capital should you request it.

Each investment opportunity carries its own risks which will be fully detailed in the Information Memorandum of that offering and which must be fully understood before making any investment.