Major new source of finance for city start-ups
Gerry Breen, the Lord Mayor for Dublin, has endorsed this fund set up with Ulster Bank and aimed at new businesses starting in the Dublin City area.
With no sector restrictions and interest rates that are competitive, it is worth a look for new and early stage businesses who are finding it difficult to access finance.
This new fund is welcomed by Billy Linehan of Celtar business consultants “access to finance is very tight now and every new channel available makes a positive contribution to reviving our economy. Sources of finance for business start-ups are less in Dublin compared with other major cities, Dublin Enterprise Board and First Step are the only two non-bank finance providers that I can think of.”
- The fund will support viable start up business plans and entrepreneurs who have business ideas that have strong prospects and potential for growth
- A start-up business loan rate of 4.1% (variable) is offered
- This rate is only available for start-up business loans for new and existing businesses of 3 years
- A maximum of €70,000
- Transaction fee free banking for 3 years
- Loan of up to €30,000 for new business development purposes with no need for personal guarantees to be backed by assets.
- All applications are processed via Ulster Bank College Green Branch
- And require a business plan and completed application form
The link to the application form has changed – now updated on 12 January – and is available at
For further information
Economic Development Unit, Dublin City Council
Block 4, Floor 3, Civic Offices, Dublin 8
Telephone 222 0100
Billy Linehan, firstname.lastname@example.org