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Ulster Bank - Business Support Programme for Startups

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Ulster Bank has partnered with Dublin City Council and Dublin City Enterprise Board to launch a new business support programme for start-ups.

Aimed at promoting economic recovery and job creation in Dublin, the programme will have a €10 million enterprise support fund, which will offer loan amounts of up to €30,000 to qualifying start-ups.

Applicants will not be required to provide personal guarantees backed by assets, and a variable loan rate of 4.1 per cent will apply. Free transactional banking will also be offered for the first two years.

Also included will be a 12month subscription to Ulster Bank’s online cash management system, Bankline, and access to its Start-up Knowledge Centre and online resource, smallbusinesscan.com.

The programme will have an additional mentoring facility provided by Dublin City Enterprise Board.

Run in conjunction with the office of the Lord Mayor of Dublin, the scheme has been launched as a result of the Lord Mayor’s Commission on Employment (LMCE). Initiated by former lord mayor Emer Costello, the LMCE engaged in public consultations to come up with innovative and creative ways to boost the city’s economy.

"Our hope for this support package is that it will bring viable start-up business plans to life in potential growth areas, such as green business and creative industries," said Greg Swift, chief executive of Dublin City Enterprise Board.

"We look forward to offering advice that will focus on priorities, needs and objectives, and solutions that will help startups secure crucial loan funding."

An application form can be downloaded here:
http://www.dublincity.ie/Documents/Application_Forms/Business/Loan_Fund_Application.pdf