Belfast Telegraph

Sunday 26 October 2014

New growth fund helps create jobs

Neil McCabe (left), Senior Investment Manager, WhiteRock Capital Partners and Philip Trimble, Director at ConveyorTek
Neil McCabe (left), Senior Investment Manager, WhiteRock Capital Partners and Philip Trimble, Director at ConveyorTek

A Lisburn company will create six new engineering jobs after securing funding to build a second production site.

ConveyorTek, which makes conveyor systems for the logistics, recycling and material handling industries, will invest the money, which it has borrowed from Invest NI's £50m Growth Loan Fund, in new capital equipment at the 6,000 square foot site, as well as research and development into magnetic recycling.

"This support is a real game-changer for us – it will enable us to take our successful business model to the next level and adapt to the various demands of customers in a wide range of industries," said Philip Trimble, director at ConveyorTek.

ConveyorTek is one of 20 companies to have made use of the fund, which provides so-called "mezzanine" finance to small and medium-sized enterprises across Northern Ireland.

Paul Millar, Chief Investment Officer of WhiteRock Capital Partners LLP, a company set up to manage the fund, was impressed by ConveyorTek's plans.

"At a time when rebalancing the Northern Ireland economy is of utmost importance, dynamic, highly-skilled firms like ConveyorTek represent an excellent opportunity (for) jobs and growth."

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More