30/09/2009
Outlook Good For Irish Green Sector
A positive outlook for Ireland's 'green business' sector has been forecast.
BVP Investments - which itself is an investor in green enterprises, such as Wavebob and Biomass Heating Solutions - said its prediction is based on analysis of projected growth in the sector throughout 2010.
The current performance of Ireland’s green sector is generating optimism among investors that significant growth levels can be achieved in the next five years, the company said.
BVP has already invested €2.5m in five Irish businesses in the last two years and, with three more high potential start-ups in the pipeline, it is set to invest an additional €3m over the next two years.
Elliott Griffin, of BVP, said: "Over the past two years we have invested in a diverse range of green businesses and we are already seeing the many positive results which have flowed from our investments.
"There’s no doubt that with the right investment behind it the green sector has the potential to lead Ireland's economic recovery over the coming years."
The firm has launched its third fund with a target fund of €3m.
BVP's Simple.ie Green BES fund has helped a number green businesses in Ireland achieve their ambitions, including Wavebob, a company developing wave energy conversion technology; Biomass Heating Solutions; EFT Control Systems; Celtic Bioenergy, formerly known as Celtic Composting, and a leader in the biological treatment of municipal waste.
(PR/BMcC)
BVP Investments - which itself is an investor in green enterprises, such as Wavebob and Biomass Heating Solutions - said its prediction is based on analysis of projected growth in the sector throughout 2010.
The current performance of Ireland’s green sector is generating optimism among investors that significant growth levels can be achieved in the next five years, the company said.
BVP has already invested €2.5m in five Irish businesses in the last two years and, with three more high potential start-ups in the pipeline, it is set to invest an additional €3m over the next two years.
Elliott Griffin, of BVP, said: "Over the past two years we have invested in a diverse range of green businesses and we are already seeing the many positive results which have flowed from our investments.
"There’s no doubt that with the right investment behind it the green sector has the potential to lead Ireland's economic recovery over the coming years."
The firm has launched its third fund with a target fund of €3m.
BVP's Simple.ie Green BES fund has helped a number green businesses in Ireland achieve their ambitions, including Wavebob, a company developing wave energy conversion technology; Biomass Heating Solutions; EFT Control Systems; Celtic Bioenergy, formerly known as Celtic Composting, and a leader in the biological treatment of municipal waste.
(PR/BMcC)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
22 March 2024
11 Administrative Challenges Facing Small Businesses
In today's rapidly evolving business landscape, small businesses are facing an unprecedented array of challenges. From navigating the complexities of technology and compliance to fostering meaningful customer relationships and managing a dispersed workforce, the hurdles can seem insurmountable.
11 Administrative Challenges Facing Small Businesses
In today's rapidly evolving business landscape, small businesses are facing an unprecedented array of challenges. From navigating the complexities of technology and compliance to fostering meaningful customer relationships and managing a dispersed workforce, the hurdles can seem insurmountable.
08 December 2010
Construction Recovery Stalled Until 2013
The recovery in construction output experienced by the industry during much of 2010 will stall in 2011 according to the latest forecasts from the Construction Products Association (CPA). Industry output is expected to decline by 2% in 2011 compared with 2010, with a further fall anticipated in 2012.
Construction Recovery Stalled Until 2013
The recovery in construction output experienced by the industry during much of 2010 will stall in 2011 according to the latest forecasts from the Construction Products Association (CPA). Industry output is expected to decline by 2% in 2011 compared with 2010, with a further fall anticipated in 2012.
05 March 2018
New Green Challenge Business Competition Announced
A new €1m (£890,000) international competition has been announced for inventions that successfully combine sustainability, entrepreneurship and creativity.
New Green Challenge Business Competition Announced
A new €1m (£890,000) international competition has been announced for inventions that successfully combine sustainability, entrepreneurship and creativity.
22 March 2024
Northern Ireland's Best Areas For Broadband Revealed
West Belfast has been named the Northern Ireland area with the best broadband, according to a new study. The experts at Getac – Rugged Computing Solutions analysed data from Ofcom Connected Nations 2023 to reveal the spots with the best broadband.
Northern Ireland's Best Areas For Broadband Revealed
West Belfast has been named the Northern Ireland area with the best broadband, according to a new study. The experts at Getac – Rugged Computing Solutions analysed data from Ofcom Connected Nations 2023 to reveal the spots with the best broadband.
15 April 2016
NICEI Report Finds Slight Increase In NI Economy
The economy in Northern Ireland grew by 0.9% in the last quarter of 2015, compared to the same period in 2014. The number was revealed in the latest NI Composite Economic Index (NICEI), which was published today by the Northern Ireland Statistics & Research Agency.
NICEI Report Finds Slight Increase In NI Economy
The economy in Northern Ireland grew by 0.9% in the last quarter of 2015, compared to the same period in 2014. The number was revealed in the latest NI Composite Economic Index (NICEI), which was published today by the Northern Ireland Statistics & Research Agency.
-
Northern Ireland WeatherToday:Mainly dry this morning with sunny spells then scattered showers breaking out this afternoon. A chilly start then feeling warmer in afternoon sunshine. Light southerly winds. Maximum temperature 11 °C.Tonight:Any showers at first soon dying out. Then dry overnight with clear periods and turning chilly with a touch of frost later tonight. Minimum temperature 1 °C.