Bank unveils loans for food and drink firms

Food and drink companies can avail of loans from €100,000 up to multi-million euro packages as part of a suite of new credit facilities launched by Ulster Bank.

The bank said these loan facilities are aimed at start-ups and established companies seeking to introduce a new product range or to grow through exports.

Dr Ailish Byrne, senior agri-food manager, Ulster Bank, said: “Food and drink is our country’s most important indigenous industry, worth €25bn in turnover to the economy and employing more than 230,000 people. Ireland has a global reputation as a provider of high quality, innovative and sustainable food and drink excellence.