Investment in new Machinery was made possible at Brocagh Precision Engineering

Brocagh Precision Engineering Ltd (BPE) is located near Coalisland and designs and manufactures bespoke components for clients in sectors ranging from heavy engineering to aerospace.

Paul Donnelly, BPE Director, said:

BPE provides bespoke precision engineering services for clients across the UK and Ireland.  The funds provided by the NI Small Business Loan Fund have enabled us to invest in new machinery and provide working capital.  This has allowed BPE to develop new products for the construction and demolition sector, expand into new markets and increase efficiency within the company. Following the completion of two recent projects we have secured a number of export orders for our new product range and have seen our sales grow by 20%. As these new orders go into production we have plans in place to increase our staff to meet demand and to grow the business.”

The NI Small Business Loan Fund is managed by Ulster Community Finance (UCF) on behalf of Invest Northern Ireland and delivered in partnership with Enterprise Northern Ireland. UCF is a subsidiary of the social finance organisation Community Finance Ireland (formerly UCIT).

The Fund was set up to provide access to finance for small businesses, sole traders and partnerships which are keen to develop their business, but find it difficult to access funding through traditional sources.