Good Lord Say Dublin Start-ups 

€10m Business Support Fund Setup by Ulster Bank, Lord Mayor's Office, Dublin City Council & Dublin City Enterprise Board

Ulster Bank and the Lord Mayor's office, is to partner with Dublin City Council and Dublin City Enterprise Board to provide a dedicated Business Support Programme for start up businesses to promote economic recovery and job creation in the city.

Under the new €10 million programme, Dublin City Enterprise Board will provide a mentoring programme to assist individuals who have a business idea or are in the early start up stage, by providing them with temporary expert advisors that will help them identify and overcome obstacles in the development stages.

The applicants can avail of loans up to €30,000 for development, and free transactional banking two years, a 12-month subscription to Ulster Bank's online cash management system, ‘Bankline' and access to its Start Up Knowledge Centre and popular online resource, smallbusinesscan.com, will also be included in the package.

The Business Support Programme is the product of the Lord Mayor's Commission on Employment (LMCE) which was initiated by former Lord Mayor Emer Costello. The LMCE engaged in extensive research and public consultations to come up with innovative and creative ideas for boosting the City's economy, protecting and creating employment and improving competitiveness, and recommended a number of initiatives including working with banks and key players to develop a support package for new business start ups in Dublin.

Current Lord Mayor Gerry Breen (pictured) said: "When I entered office back in June, I stated that my goal was to aid and abet job creation. We must give start-ups the tools and support they need to be successful. The programme with Ulster Bank goes straight to the heart of that commitment to Dublin."

Brian Hunt, Director, Business Banking, Central Dublin, Ulster Bank, said: "We are delighted to partner with the Lord Mayor's office and Dublin City Council in this valuable new enterprise support initiative and endorse the Lord Mayor's Commission on Employment series of recommendations. The Business Support Programme will promote job creation in the city and help boost new enterprises that need the right level of support to get them up and running and build successful sustainable businesses."

CEO of Dublin City Enterprise Board, Greg Swift, said: "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. We look forward to offering advice that will focus on priorities, needs and objectives, and solutions that will help start ups secure crucial loan funding."

Further information on the Business Support Programme Call 1800 28 30 96 or Email startup@ulsterbank.com

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5 January, 2011: