Start-Up loans are to be made available to boost young entrepreneurs establishing businesses in Northern Ireland, Deputy Prime Minister Nick Clegg will announce later today.
Payments could be made within weeks to help rebalance the region's economy in favour of the private sector.
Thousands of young people in England have already benefited from the scheme.
Clegg is in Derry today for a British Irish Council (BIC) summit with leaders of the devolved administrations and Irish Government.
It follows the G8 conference in Fermanagh of world leaders including US president Barack Obama, which was hosted by Prime Minister David Cameron.