Manufacturing investment in Northern Ireland

Project Manager for Lenalea Electronics, David Foster, said: “We have always prioritised re-investment in the business, and this current step, supported by Ulster Bank, will be a significant move forward for the company. It will enable our current phase of growth, and provide capacity for further expansion into the future. We have worked closely and in partnership with Ulster Bank, and are very grateful for the support and expertise that they have provided us with.”

Company Director Simon Pollock added: “We have asked Ulster Bank to provide significant levels of funding several times to date and each time we have found them very approachable and flexible in facilitating our requirements.”

Ulster Bank Business Manager, Sheila Donaghy, added: “Lenalea Electronics has been an Ulster Bank customer since the company was founded in 2000, and we are very pleased to have supported such an innovative business from start-up phase through to its current position as a leader in its field, with blue-chip clients here in Northern Ireland and internationally. The new factory will be a high-tech facility that will enable job creation and add real value to the local economy.”

SOAR (Southern Organisation for Action in Rural Areas) is funding the new facility through its Rural Business Investment Scheme which is part-funded under Priority 6 (LEADER) of the Northern Ireland Rural Development Programme 2014-2020 by the Department of Agriculture, Environment and Rural Affairs and the European Union.

Lenalea Electronics has also benefitted from support from Invest Northern Ireland towards the fit out and tooling of the new factory, which is expected to be operational before the end of the year.