13 November 2013
Mayo start-up company Sentinel Fuel Products signs contract worth €500k with South African company Lebone Engineering
Sentinel Fuel Products, based in Mayo, has signed an initial contract worth €500k with South African company Lebone Engineering (Pty) Ltd. Lebone will distribute Sentinel’s Oilguard 9000 product range and provide front-line support across the Southern African Development Community (SADC) region. Sentinel Fuel Products is a start-up business targeting global markets for the manufacture and supply of fuel anti-theft devices and fuel management systems.
Sentinel Fuel Products is one of 37 Irish companies participating in the Enterprise Ireland trade mission currently underway to South Africa and Nigeria, led by Minister for Trade and Development, Joe Costello T.D.
Pictured at the signing of the distributor agreement between Sentinel Fuel Products and Lebone Engineering in Cape Town are, L-R:
Collin Matlala, Lebone Engineering, South Africa
Minister for Trade and Development, Joe Costello T.D,
Kurt Reinhardt, CEO, Sentinel Fuel Products
Noel Reinhardt, Sentinel Fuel Products
Fred Klinkenberg, Manager – South Africa, Enterprise Ireland
Kelvin Radebe, Lebone Engineering, South Africa
The Ambassador to Ireland, H.E. Brendan McMahon
RTE's DRAGONS DEN - sponsored by Bank of Ireland
‘One idea, one pitch, one deal away from the dream’
Dragons’ Den is back and looking for entrepreneurs and inventors! If you’re a start-up operation with big dreams, are looking to expand your existing company, or just have an exciting new idea, then apply today and see if you have the powers of persuasion needed to get investment from the Dragons!
APPLY NOW at: www.bankofireland.com/dragons
DEADLINE FOR APPLICATIONS IS FRIDAY 20th DECEMBER 2013
BANK OF IRELAND ENTERPRISE/SHOW YOUR BUSINESS WEEK 15TH – 22ND NOVEMBER
Bank of Ireland Ballyhaunis is delighted to host a showcase of local businesses in the Branch premises from 15th - 22nd November. The aim of the event is to promote and support small and medium businesses locally. The Bank premises will be available to display and sell your goods and services during the week.
There will be a special focus on “Shop Local for Christmas” during this Show Your Business Week. If you are interested in availing of this opportunity, please feel free to contact Bank of Ireland Ballyhaunis.
For Further information or to book a place please call in or contact
Bank of Ireland
NEW BUSINESSES IN BALLYHAUNIS
It has been a wonderful few months for Ballyhaunis Town with the opening of several new bussinesses. The Ballyhaunis Chamber would like to wish the best of luck to all the new businesses which includes two new cafes, Thunder Road Cafe on Main Street and NICO's Cafe on Knox Street. On Knox Street, Christopher Burke Tyres has opened and much to everyone delight The Clock Bar has reopened. Abbey Street there are two new businesses, BK Engineering (Brendan Kelly) and Nick Nack Paddy Wac, a second hand shop, being run by Patrick and Julie Crosby to raise funds for The Men's Shed. On Clare Street, Mike Griffin has completely re-furbished his building and opened Mike's Bikes - Sales and Repair and Ballyhaunis Cycle Studio and Fitness classes opened also on Clare Street. On Barrack Street, Julie Gallagher has branched out with a new business, Drop Away Ireland, selling Diet Drops which her 3 stone weight loss is proving a good selling point for her. Finally, in Devlis, Corrib Oil have opened their new Petrol Station on the site of the old Texaco Garage creating 20 new jobs. Good luck to all involved in these new businesses and may they be prosperous and successful.
Remember Keep Your Business in Ballyhaunis to Keep Ballyhaunis in Business
Budget 2014: Government Must Do No Harm
Budget 2014 must build on recent positive signs in the economy and further the momentum that will lead to increased growth and job creation. Above all else the Government must do no harm by increasing taxes on, or the cost of, employment.
Speaking this afternoon (13/10/2013), Ian Talbot, Chambers Ireland Chief Executive said, “We are suggesting five key policy priorities that, if implemented, would build upon the recent positive economic indicators. Government must show a commitment to business as this is the most effective route to sustainable growth, economic stability and job creation.”
Introduce a special, time-limited, reduced VAT rate for the home Repair, Maintenance and Improvement sector. This could incentivise consumers to invest in their home and, in turn, support domestic demand.
Make sure Small and Medium-Sized Enterprises (SMEs) are given access to the working capital they so desperately need to allow them to grow, develop and create new jobs. Raise the qualifying amount for companies to use cash accounting for VAT, enhance the profile of the Seed Capital Scheme and improve the Employment Investment and Incentive Scheme.
Use savings achieved from Local Authority mergers and the arrival of the Local Property Tax to support retailers and other small businesses in town centres.
On the spending side, resist the temptation to close Departmental funding gaps via taxation rather than cost containment measures.
The special VAT rate of 9% for the hospitality sector must also be maintained to provide further security for that vital employment sector across all regions in the country.
“We may well be at a turning point. The progress made to date shows that the Government has made some sound decisions but there are further tough choices ahead. Government must not be distracted from its main task of closing the deficit and getting the economy back onto a sustainable footing. That will only be achieved by giving business the support it needs to grow, develop and create jobs,” he concluded.
National Post Code System Will Benefit Business
Chambers Ireland has today (08/10/13) welcomed the announcement of the new national post code system.
Speaking this afternoon, Seán Murphy, Chambers Ireland Deputy Chief Executive, said “We are delighted that Ireland will at long last have a future proofed post code system, which the Chamber Network has called for over a number of years. This will greatly benefit business, particularly as it is a vital prerequisite for e-fulfillment which will enable more Irish businesses to embrace the web.”
“The importance of the post code system has even greater benefits for the general public. The unique identifier code will have a significant impact on the emergency services when trying to locate their target address. Smooth execution will be vital and we encourage all businesses and householders to embrace the new post code system upon roll out,” he concluded
SME Credit Guarantee Scheme Must Do More
Chambers Ireland has today (28/08/13) called on the Government to make a number of changes to the existing SME Credit Guarantee Scheme to make it more effective. The call comes following a meeting with consultants appointed to review the scheme, at which Chambers Ireland made a number of recommendations.
Speaking this morning, Seán Murphy, Chambers Ireland Deputy Chief Executive said, “The SME Credit Guarantee Scheme has the potential to really benefit a greater number of SMEs. However, restrictions currently in place on the scheme have significantly impeded take up and reduced the potential impact of the scheme. Given that the most common reason for applying for the scheme was working capital, a key issue for businesses at the moment, it is clear that many more businesses could benefit from enhanced flexibility.”
“According to the most recent quarterly report, the scheme was taken up by 47 companies, with facilities of €5.9m and an estimated employment impact of 273 new jobs created and 115 jobs maintained. This is as opposed to an approximate target of €150m in drawdown per annum. The report also recognised that uptake was disappointing and lower than anticipated.”
Chambers Ireland made a number of recommendations as to how the scheme can be improved:
Increase the level of guarantee. At present, the level of guarantee is quite low and is often not enough to get a credit application approved.
Increase the number of financial products and sectors applicable under the scheme. Currently, facilities such as overdrafts and re-structures are excluded along with a number of sectors such as agriculture. Given that working capital is the vital issue for business at present, the Credit Guarantee’s remit should be broadened to embrace a wider range of sectors and offerings.
Remove the requirement to apply for a bank loan and have it rejected prior to availing of the scheme. A business should be able to apply for financing under the scheme at first application rather than have to wait until the application has been rejected by its bank using normal processes to make an application.
Increase the term of the guarantee to at least five years. Many SME loans are for periods that are longer than three years, accordingly the term lengths of the guarantee need to be more flexible with the potential to extend a loan guarantee to a period that matches this reality in the market - Ends -
For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email email@example.com
Economic Outlook for Eurozone Hopeful Despite Weakening of World Economy
The International Chamber of Commerce (ICC) Ireland has today (14/08/13) said that despite a decline in the outlook for the global economic climate, the Eurozone and North America are set to improve. These figures are derived from the latest World Economic Survey, published today by the ICC and the Munich-based Institute for Economic Research (Ifo).
Speaking this morning, Ian Talbot, ICC Ireland Chairman said, “While global sentiment has worsened since the last survey, the outlook for our key markets of North America and the Eurozone is much more positive. These results are an indication of emerging stabilisation in the Eurozone. This is positive news given that these are the most important markets for Irish business.”
“Further good news for Ireland is that economic expectations in the Eurozone have reached a three year high, boosting the area’s economic climate indicator to its highest level since late 2011. The report attributes this optimism to ‘a lack of bad news’ in the last quarter. If we are to sustain this type of momentum, the Government must ensure that Budget 2014 does not increase the cost of business but rather looks to support SMEs, in particular retailers. The EU must also take note of the drivers of positive sentiment and the importance of dealing conclusively with issues” he concluded.
Budget 2014 Must Support Increased Demand and Confidence
Strong Focus on SMEs Required Chambers Ireland has today (15/07/13) said that the core focus of Budget 2014 must be to set the right conditions to improve demand and encourage consumer spending through a strong focus on supporting SMEs.
Speaking this morning Ian Talbot, Chambers Ireland Chief Executive said, “This budget is an opportunity for the Government to support the economy by facilitating better conditions for business that will ultimately sustain and create jobs. After a peak to trough decline in demand of 20%, the highest in the Eurozone, an increase in demand will stimulate growth and employment and build consumer confidence.”
“The best way to achieve this through Budget 2014 is by introducing no new taxes beyond those already announced. The sooner the Government gives certainty on this issue, the more likely we are to see the positive effects. Budget 2014 can also ease the burden of accessing working capital for business by raising the qualifying amount for cash accounting. Better promotion of the Seed Capital Scheme for start ups and reform of the Employment Investment and Incentive Scheme will also increase usage from currently very low levels.”
We have outlined three key areas which the Government should focus on in Budget 2014 in order to increase demand. These are:
Taxation: Government must give assurances that there will be no more tax increases beyond those already scheduled. It is essential that both the 12.5% corporation tax rate and the 9% hospitality rate are maintained. These measures will give certainty to business and consumers and create the sort of confidence on which the economy can grow.
Supporting micro, small and medium-sized enterprises: It is younger and newer companies that are responsible for the greatest levels of job creation; therefore, it is essential that they receive significant support. Government should introduce targeted measures to increase working capital in SMEs and in turn the velocity of money in the economy. Raising the qualifying amount for cash accounting to €2.5 million and delivery of the e-payment agenda would support an improvement in working capital for businesses at little cost to the State.
Spending: While recognising that it is not the role of Government to create jobs but to create the right environment for job creation, we call for targeted spending in a limited number of areas that can stimulate the economy and result in job creation and retention. Ireland must have an infrastructure and workforce ready to capitalise on any uptake in the economy in the future.
The submission outlines an extensive range of recommendations on taxation, Government spending and support for enterprise.
Government Must Support Retailers if Town Centres Are to Survive....
Chambers Ireland has today (11/07/13) called on Government to implement a range of measures to support job creation and retention in the retail sector. The call comes following a presentation to the Interdepartmental Group on Retail in the Department of Jobs, Enterprise and Innovation.
Speaking this morning, Ian Talbot, Chambers Ireland Chief Executive, said “With retailers forming the heart of our town centres across the country, the Government must do everything it can to assist this sector and restore life to the country’s high streets. A key issue facing retailers in town centres is competition from out-of-town shopping centres and the free parking they provide. The introduction of a ‘parking window’ where the first two hours are free would be of significant benefit to retailers in town centres. A reduction in subsequent parking costs would complement this further encourage consumers to shop in their town centre.”
“Similarly, the introduction of a rates reduction for companies located within town and city centres, which provide much needed employment and contribute to the quality of life in these areas, would have a considerable impact on retailers. Providing support for small businesses through these measures can be the difference between these businesses remaining viable and ceasing to trade,” he concluded.
Ballyhaunis Swimming pool.
Renovations have been completed on Ballyhaunis Swimming pool, it was offically opened by Minsiter Michael Ring on Monday 24th June 2013 and was Blessed by Fr Stephen Farragher. The pool has brand new dressing room facilities with showers, that will be heated through new solar panneling built into the roof of the dressing rooms and office space.
It will be opening to the Public on Friday 28th June at 2.30pm-5.00pm and 6.00pm -8.00 for over 15s only
Well done and best wishes to all involved.
Ballyhaunis Men's Shed Association
Ballyhaunis Men's Shed Association, is a voluntary non-profit association and are now in the final stages's of securing a Shed in Ballyhaunis for the many projects that the men will undertake.
The Shed will provide a safe, secure, friendly and open environment where men can meet and engage in positive, productive experiences that in turn will enhance their overall health and well being.
Men of all ages, employed, unemployed, retired, skilled or unskilled in the company of other men can pursue hobbies, pastimes, Interests, learn new skills, pass on old skills or just have chat and make new friends. By their efforts this will contribute to their families, friends, the Shed and their community.
We MEET EVERY OTHER TUESDAY AT 7.30 pm in the FRIARY HOUSE, THE ABBEY, BALLYHAUNIS.
All are welcome and bring a friend, MEMBERSHIP IS FREE. BE PART OF YOUR COMMUNITY. - For Further Information Phone 086 0358066 or Email: firstname.lastname@example.org