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Galway companies flourish with financial aid from fellow small businesses

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Sleepzone.

A company specialising in the growing business phenomenon of peer-to-peer lending has revealed that it has raised €688,560 for Galway businesses.

Linked Finance raised 31 loans for 23 Galway-based businesses through Linked Finance’s online lending platform, including Schoolbooks.ie, Sleepzone and Turas Bikes to facilitate business expansion.

Over the past three years, Linked Finance has helped over 500 businesses all over Ireland to raise funding to meet their business objectives.

In its next phase of growth Linked Finance is targeting to have lent over €350m to SMEs by the end of 2019.

Velocity Bike Store, based in Oranmore, launched in 2014 supplying a wide range of bikes and associated equipment, housing an in-house bike fit and customisation workshop.

The store opened a speciality coffee shop, The 53 Coffee House, in the same building.

The coffee shop proved to be an instant hit, and Velocity Bike Store chose Linked Finance to raise €20,000 to facilitate the expansion of the café, so they could meet increased consumer demand for the café’s home blend coffee and sweet treats.

Both Schoolbooks.ie and Sleepzone have completed two rounds of funding through the Linked Finance platform. Schoolbooks.ie, Ireland’s largest online retailer of schoolbooks, raised €45,000 through Linked Finance to increase its stock to cater for their peak trading time in the summer, before children return to school.

Sleepzone operate top-quality hostels along the west coast of Ireland. The company began in 2001, with a 200 bed hostel in Eyre Square, and today owns and operates hostels in Connemara and Lisdoonvarna in County Clare.

Sleepzone raised €43,000 through two rounds of funding through Linked Finance to upgrade and renovate facilities in their portfolio of hostels.

“Ireland’s economy is getting back on track and this is particularly evident in the tourism sector, this year we opened our newest venture, The Cliffs of Moher Hotel in Liscannor,” said Sleepzone owner Ronan Garvey.

For more, read this week’s Connacht Tribune.

Connacht Tribune

Hospitality group raises €90k

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Lorraine Gallagher (left) and Charlene Hurley of Galway Hospice presented with a cheque for €27,537 by Brian Lynch and Eveanna Ryan of Connacht Hospitality.

The Connacht Hospitality Group this week announced that they raised more than €90,000 for a range of good Irish causes throughout 2022.

The group, which owns well-known Galway establishments including The Connacht Hotel, An Púcán, HYDE Hotel, Residence Hotel and 1520 Bar, as well as the Galway Bay Golf Resort, held a range of events at various stages of 2022 to fundraise for Claddagh Watch Patrol, the National Breast Cancer Research Institute (NBCRI), Galway Hospice and Make-A-Wish Ireland.

The announcement of over €90,000 worth of funds raised by the Connacht Hospitality Group for national and local charities comes off the back of the past 12 months which saw the group aim to make Corporate Social Responsibility a core part of their identity. This focus allowed them to become more aware of the causes that need assistance while also raising the profile of many of the charities.

The group arranged a diverse array of events to raise funds, and had lots of imaginative ways of grabbing the public’s attention. One event saw people attend HYDE Bar to savour a menu made by a mystery celebrity. In the end, it was revealed that TV personality Gráinne Seoige was the Executive Chef on a night that generated over €8,000 for the NBCRI.

Another event saw staff take part in a ‘Sunrise Swim’ in Salthill – and the public donated in their droves. All money raised went towards Claddagh Watch Patrol, an organisation that works to make Galway’s waterways safer by preventing accidental death and suicide.

One of the most successful fundraisers was the Galway Bay Golf Resort’s Golf Classic, which raised over €22,000 for Galway Hospice.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

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Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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Connacht Tribune

Finance Minister among key speakers at three-day conference on the regions

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David Minton, Director of the Northern & Western Regional Assembly.

Balanced and sustainable regional development will be top of the agenda when new Finance Minister Michael McGrath addresses a special three-day Regions in Focus 2023 event beginning next Tuesday week, February 7.

The Association of Irish Regions (AIR) event will see a host of leading academics and industry experts gather for workshops, seminars and specialised training from February 7 to 9 at the Four Seasons Hotel in Coolshannagh, Co. Monaghan.

And the future development of counties, including Galway city and county, will be discussed and debated at the event attended by leading figures from industry, academia, and policymaking.

Attendees will also include representatives from Ireland’s three regional assemblies, who will offer their perspectives on the big challenges facing Ireland’s regions, including climate change, regional inequality, and the transition to renewable energy.

David Minton, Director of the Northern and Western Regional Assembly, which covers Galway and the North West, admitted that recent years had been difficult for the region.

“We’ve seen longstanding economic fault lines such as the shortage of housing and reliance on non-renewable energy exacerbated by the war in Ukraine and the continuing fallout of the Covid-19 pandemic and Brexit, placing further pressure on households and businesses,” he said.

“Events such as Regions in Focus 2023 give us the opportunity to meet with lawmakers and leading experts in industry and academia, to exchange ideas about how to improve the prospects of our respective regions for the benefit of the whole economy.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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CITY TRIBUNE

Digital Accounting degree adds up for ATU Galway

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ATU Galway...Digtital Accounting.

ATU Galway has unveiled a new honours degree in Digital Accounting. The four-year, Level 8 degree (including a work placement in year three) offers the best of both worlds – careers in accounting and in the rapidly growing digital business field.

Students can expect a strong focus on practical learning, work placement and projects.  Much of the learning will take place in specialized classrooms and laboratories.

Applicants for this degree do not need to have studied accounting or business previously, nor do applicants need to have studied honours maths.

Furthermore, there is no need to be a ‘techie’ or be into computing – there is no coding or software development involved as the degree focusses on using software products as tools for Digital Accounting and Digital Business.

“Our aim is to prepare students to operate successfully in ‘real world’ situations,” explained Deirdre Lusby, Head of Department of Business & Accounting at ATU Galway.

“We have a top class and dedicated lecturing team and access to the latest technologies so students can develop the knowledge, skills, and professional competencies they will need for their future careers”.

“Lecturers on this programme are highly qualified professional accountants and digital technology specialists, many acting as examiners and lecturers for the professional accounting bodies,” added Seamus Lennon, Head of School of Business at ATU Galway.

“They maintain very close links with all of the professional bodies, industry, and employers.  We are extremely excited about this new degree programme, with graduates having career options in areas such as accounting, business, blockchain, systems analysis and digital auditing.”

For more information, go to www.atu.ie.

 

 

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