SPECIALIST contractor Pure Fitout in Belfast has secured a £1.5 million cash injection from the £30m Growth Finance Fund which has helped it secure 20 jobs and further its ambitions to enter new markets beyond the UK and Ireland.
Invest NI has also offered the company £48,000 of support towards the creation of eight of the new jobs.
And, significantly, the loan has helped fund the launch of a unique new non-toxic fire-retardant treatment for timber, the first of its kind in Ireland.
The treatment - branded as HALT - prevents oxygen from reaching treated timber, protecting it from combustion and removing the threat of the spread of fire and has the potential to massively increase safety throughout the industry.
Established just six years ago, Pure Fitout is one of the fastest expanding fitout contractors in the UK working across hotels, restaurants, bars, fast-food establishments, leisure, heritage regeneration projects and offices.
It has delivered interiors for the Mayson Hotel in Dublin, EastCheap Records in London, Five Guys in Belfast, Craigavon and Dublin, Boojum, the Grayson in Dublin and the Stella Theatre in Dublin.
Managing director Ronan Higham said: “We've always believed in continuous capital investment in the latest technologies to allow fast, innovative and effective responses, especially as demand for solutions to rapidly changing regulations increases.
“Whiterock Finance have always understood our ambitions as a company and become a critical part of our growth. This loan has enabled us to grow our offering and continue to provide world-class solutions for our clients.”
Neil McCabe, investment director at Whiterock Finance said: “It’s fantastic to see Pure Fitout go from strength to strength. Following our initial investment in the company in 2017, the business has continued its trajectory of growth and we’re delighted to be able to support the team again in this next expansion stage.
“Pure Fitout has demonstrated its ability to get ahead of the curve and we’re looking forward to seeing this product deliver pioneering results in the construction industry.”
