Belfast Telegraph

New Centra store investment will create 40 jobs in Co Antrim

By David Elliott

A Carrickfergus retailer will create 40 new jobs when it opens a new filling station and Centra shop in the town.

Red Grocery has invested over £250,000 in the development, most of it backed by a loan through a Bank of England (BoE) scheme.

Ulster Bank lent £230,000 through the Funding for Lending Scheme to the firm, money which will also be used to refurbish an existing store in Antrim.

The scheme is designed to boost lending to small businesses and allows commercial banks, such as Ulster Bank, to borrow money from the central bank at cheaper rates than the market if it does.

Annaghmore Mushrooms, based in Craigavon, also secured finance from Ulster Bank through the scheme. The company, which grows, markets and distributes mushrooms across Northern Ireland and throughout the UK, used the finance to build packaging and storage facilities to help further expand their operation.

Belfast Telegraph