Brookvent launches £1.5m expansion plan

Dunmurry based energy saving specialist Brookvent has announced a £1.5 million growth strategy as the first firm in the province to take advantage of the £100m loan fund set up by Barclays.
By The Newsroom
Published 5th Jul 2016, 06:00 BST
Updated 25th Aug 2016, 18:46 BST
Brookvent MD Declan Gormley, right, with Christopher Murray of BarclaysBrookvent MD Declan Gormley, right, with Christopher Murray of Barclays
Brookvent MD Declan Gormley, right, with Christopher Murray of Barclays

The firm, a leader in the development of energy saving ventilation systems aims to grow its sales with a particular emphasis on international markets.

“In a fast growing business it is important to have access to the appropriate banking facilities, and equally important to work with people who understand your business needs,” said MD Declan Gormley.

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“We chose Barclays as a result of their ability to provide a tailored and innovative funding solution capable of meeting our requirements.”

Adrian Doran, Head of Corporate Banking for Barclays NI said: “SMEs are the driving force of our local economy and Brookvent is an excellent example of what Northern Ireland design and manufacture has to offer in a global marketplace.”

Brookvent has been manufacturing and supplying energy saving ventilation systems to residential construction sectors in the UK and Republic of lreland since 1984.

Exports account for more than 44% of sales and the company has major contracts in Central and Eastern Europe, Australia and New Zealand. The U.S market is a major focus for growth in 2016 and beyond.

Related topics:BarclaysSMEs