Trio of NI companies awarded growth funding

A trio of companies have become the latest recipients of financial support from the NI Small Business Loan Fund.

Gym operator Push Fitness, candle maker Castlehill Candles and education supply business Learning Space NI all received backing from the £5m fund to support their expansion plans.
Push Fitness, which is based at Enniskillen in County Fermanagh, will use its share of the funding to renovate premises and satisfy working capital requirements. Meanwhile, Castlehill Candles has taken on two additional members of staff and intends to hire a further two every year until 2015 as part of plans to ramp up exports.
Completing the list is Learning Space NI, which has been able to employ two new members of staff and fulfil larger orders.
The NI Small Business Loan Fund, which is backed by Invest NI, did not disclose the precise amounts handed out to each company.
William McCulla, director of corporate finance at Invest NI, said: "The NI Small Business Loan Fund is attracting a lot of interest. In just six months the fund has offered over £500,000 in loans to local businesses."

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Ardean : Funding