Later Career
During the next few weeks, he was engaged with Sir John Davies and the commissioners for Irish affairs, before the lords of the council, in assisting to make a selection from the long lists of servitors willing to plant, transmitted by Chichester, and in deciding as to the most suitable districts for locating the principal Irish. In the discharge of these and other duties connected with the grand movement in Ulster, he was in London until the beginning of July. Meanwhile, new commissioners, of whom he was one, had been appointed to carry the scheme into execution; and Ridgeway, as soon as he was relieved from attendance on the council, sailed over in a small boat of seven or eight tons.
His arrival caused things to move briskly. He himself was assigned, as an undertaker, two thousand acres (8 km2) in the precinct of Clogher, County Tyrone, lying on the south-eastern border of the barony of Clogher, adjoining the parish of Errigal Trough in County Monaghan, and represented on the map as well-wooded and containing little bog or wasteland. To this were subsequently added on 22 April 1613 the lands around Augher. Further, as a servitor, there was assigned to him another estate of two thousand acres (8 km2) in the precinct of Dungannon, County Tyrone, lying along the upper course of the Blackwater, and represented as abounding in woods and bog land. He was one of the first to take out his letters patent, and from a report made of the state of the plantation in 1611, he appears to have been fairly active in fulfilling his obligations as an undertaker.
The settlement of Ulster having caused a great drain on the English exchequer, it was suggested to James I in 1611 that there were many gentlemen who would willingly pay for a hereditary title, and that the money thus obtained might be used for the support of the army in Ulster. The king's consent having been obtained, one of the first to take advantage of the new order thus created was Ridgeway, who for the payment of £1,200 was created a baronet on 25 November 1611.
In anticipation of the intended calling of a Parliament of Ireland, and with the object of securing a majority in it for the new settlers, a number of boroughs were created in 1612, and on 13 November Ridgeway was constituted a burgess of Balinakill in Gallen-Ridgeway, Queen's County, of which place he was elected MP on 17 April 1613. He was likewise returned as one of the knights of the shire for County Tyrone on 23 April to the parliament which met at Dublin on 18 May, and it was on his motion that Sir John Davies was elected speaker, thus giving rise to the counter-election of Sir John Everard. On 1 April 1615 a commission was issued to the Lord Chancellor and others to take his accounts as Treasurer. Some exception was made as to certain sums of money expended by him but he was discharged of his office in 1616, and on 25 May was created Lord Ridgeway, baron of Gallen-Ridgeway.
On 19 August 1622, he sold his proportion called Portclare and Ballykillygirie, including Agher, to Sir James Erskine, eleventh son of Alexander, second son of John Erskine, 5th Lord Erskine, and younger brother of Thomas Erskine, 1st Earl of Kellie. The transaction was nominally a sale, but strictly an exchange of the Portclare and Ballykillygirie estate for the title and dignity of an earldom, of which Erskine had the disposal. Accordingly, on 23 August 1623, he became Earl of Londonderry. In the Star chamber proceedings against Thomas Howard, 1st Earl of Suffolk in October 1619 one of the strongest pieces of evidence against him was a direct statement of Ridgeway that during the time he had been vice-treasurer he had never been able to obtain the money needed for the public service unless his demand was accompanied by a bribe.