Brookvent wins backing from Barclays
A ventilation systems company outside Belfast has become the first to win finance from a new Barclays lending programme.
Brookvent in Dunmurry is borrowing £1.5m from Barclays after the bank launched a £100m loan fund to support Northern Ireland's small to medium-sized businesses.
Brookvent starting manufacturing energy-saving ventilation systems for house builders in the UK and Republic of Ireland in 1984. Export now accounts for over 40% of its business, and the firm has major contracts in Europe, Australia and New Zealand.
It's also hoping to grow sales in the US.
Adrian Doran, head of corporate banking for Barclays in Northern Ireland, said: "SMEs are the driving force of our local economy and Brookvent is an excellent example of what Northern Ireland design and manufacture has to offer in a global marketplace."
The company, which employs 60 people, also has an office in Wroclaw in Poland.
Managing director Declan Gormley said: "The combination of the expertise of the local team in Belfast backed up by the support of the bigger Barclays network made the decision to avail of the facilities on offer via their new £100m SME loan fund an easy one for Brookvent."