Belfast Telegraph

Wednesday 16 April 2014

'Dragon's Den' company lands cash boost from £50m fund

A company which featured on the Irish version of hit show Dragon's Den has landed new investment from a Northern Ireland loan scheme.

Belfast- based DIY manufacturer Takker is among the first of 20 companies to have already secured approval for investment from the new fund.

Takker Ltd, formed in 2009, is the manufacturer of the 'Takker', a DIY device for hanging pictures, mirrors and many other household objects in seconds, designed by managing director Damien McGrane.

The product range is manufactured and distributed from Belfast, supported by a range of local firms. Takker's key service partner is Denroy Plastics Ltd, Bangor which produces and assembles the component parts.

As a direct result of appearing on Dragon's Den, the company secured a contract to sell in forty Woodies DIY stores.

Finance for the £50m Growth Loan Fund – which provides finance to established small and medium firms in Northern Ireland seeking to access growth finance – has been provided by Invest NI and private investor, NI Local Government Officers' Superannuation Committee.