THE Business and Trading House Investment company has launched its ninth Business Expansion Scheme (BES) fund. The company, which started its first fund in 1989, is looking to raise £2 million before April 5th next, to invest in a range of Irish companies.

Business and Trading House managing director, Mr John McGilligan, said yesterday it had identified a number of potential companies trading in diverse sectors, including, clothes manufacturing, food products and a tourism development project.

The fund was launched by the Minister for Enterprise and Employment, Mr Bruton. Mr McGilligan said he expected the 1997 fund would be fully invested four to six months after the April 5th deadline.

Investors can put a minimum of, £2,000 into the fund and qualify for tax relief on funds invested.