Storage tank manufacturer Clarehill Plastics in Moira has secured £750,000 from the Growth Loan Fund to help it grow market share and export destinations.
The loan will also allow them to develop their range of large volume plastic storage tanks through research and development and it has already helped them to create 16 new jobs, taking the company to a total of 76 staff.
Growth Loan Fund finance is provided by Invest NI and the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC). The fund was set up to provide loans to established Northern Ireland SMEs seeking to access growth finance.
The Growth Loan Fund is managed by Whiterock Capital Partners and is part of Invest NI’s Access to Finance initiative.