Belfast Telegraph

Belfast's Waterfront Hall 'to turn a profit by 2022'

By John Mulgrew

The boss of the Waterfront and Ulster Hall says she hopes the council-backed business will be in profit within the next three to five years.

Catherine Toolan was speaking to the Belfast Telegraph about the expanded Waterfront Hall business, which is hosting some of the UK and Europe's biggest conferences over the next two years.

Ms Toolan said funding from the council is reducing each year, but will still be in place in the new two or three years.

"In the long-term we expect to be a fully commercial organisation," she said.

"I would hope after 2020, within the next three to five years that we would be profitable."

Catherine also wants Belfast to grow and expand, with a move away from a weekend economy.

"I think more can be done to develop a business tourist strategy," she said.

The Waterfront received a £30m expansion two years ago, which included a large extension, built to host thousands of delegates and attract large conferences to the city.

Belfast Telegraph