21/10/2011
Ulster Banks On Belfast Spar Success
Despite austere times, 10 jobs have been created following the opening of a retail outlet on the site of a formerly vacant property in the heart of Belfast city centre.
The Spar store on Royal Avenue, has been refurbished with a substantial investment by owner and manager Declan McGonigle with the support of the Ulster Bank.
Declan, pictured (left) at the new store with Martin Convery of Ulster Bank said: "As this is my first venture I thought it would be difficult to find support, but Ulster Bank saw the potential in the business and has offered a range of financial and non financial support, which when starting out for the first time has proven to be invaluable."
Finance for the business was provided by Ulster Bank through the Enterprise Finance Guarantee Scheme, a loan guarantee scheme intended to help businesses with insufficient security obtain bank finance.
Since its inception, Ulster Bank has provided over 80% of all funds drawn under the Scheme in Northern Ireland.
Martin Convery explained: "The Enterprise Finance Guarantee Scheme is one of a number of funding options we are making available to help viable businesses across Northern Ireland grow and develop," adding that the new business is one of over 5,000 new and emerging companies across the island of Ireland who have signed up to Ulster Bank's start up and early stage business package which was launched last year.
(BMcC)
The Spar store on Royal Avenue, has been refurbished with a substantial investment by owner and manager Declan McGonigle with the support of the Ulster Bank.
Declan, pictured (left) at the new store with Martin Convery of Ulster Bank said: "As this is my first venture I thought it would be difficult to find support, but Ulster Bank saw the potential in the business and has offered a range of financial and non financial support, which when starting out for the first time has proven to be invaluable."
Finance for the business was provided by Ulster Bank through the Enterprise Finance Guarantee Scheme, a loan guarantee scheme intended to help businesses with insufficient security obtain bank finance.
Since its inception, Ulster Bank has provided over 80% of all funds drawn under the Scheme in Northern Ireland.
Martin Convery explained: "The Enterprise Finance Guarantee Scheme is one of a number of funding options we are making available to help viable businesses across Northern Ireland grow and develop," adding that the new business is one of over 5,000 new and emerging companies across the island of Ireland who have signed up to Ulster Bank's start up and early stage business package which was launched last year.
(BMcC)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
31 July 2009
Developer Loses Court Bid To Appoint Examiner
Six companies controlled by the well known property developer Liam Carroll, will not be appointed an examiner, a court has decided.
Developer Loses Court Bid To Appoint Examiner
Six companies controlled by the well known property developer Liam Carroll, will not be appointed an examiner, a court has decided.
11 April 2018
Spring Into Business Festival Announced
Ulster University Business School have announced a Spring Into Business festival, which aims to engage and work with organisations that drive the local economy. The festival aims to celebrate local business achievements and highlight future collaboration opportunities for local businesses.
Spring Into Business Festival Announced
Ulster University Business School have announced a Spring Into Business festival, which aims to engage and work with organisations that drive the local economy. The festival aims to celebrate local business achievements and highlight future collaboration opportunities for local businesses.
06 November 2015
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
01 July 2010
Call To Remove State Aid From Non-Lending Banks
Ireland's small business leaders have called on the Minister for Enterprise to remove state assistance from bailed out banks if the continue to refuse credit for businesses.
Call To Remove State Aid From Non-Lending Banks
Ireland's small business leaders have called on the Minister for Enterprise to remove state assistance from bailed out banks if the continue to refuse credit for businesses.
24 March 2016
Views Sought On Small Business Rate Relief Scheme
Views are being sought on alternatives to the Small Business Rate Relief Scheme as part of an evaluation being carried out by the Ulster University’s Economic Policy Centre (UUEPC).
Views Sought On Small Business Rate Relief Scheme
Views are being sought on alternatives to the Small Business Rate Relief Scheme as part of an evaluation being carried out by the Ulster University’s Economic Policy Centre (UUEPC).
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.