Cash flows for castle | Scottish Licensed Trade News

Scottish Licensed Trade News

Cash flows for castle

Glenskirlie House and Castle, finance, ESIF, East of Scotland Investment Fund,

• Glenskirlie House and Castle, Banknock, comprises two events venues and two restaurants.

THE owners of Glenskirlie House and Castle in Stirlingshire have secured £50,000 of funding from the East of Scotland Investment Fund (ESIF).
The venue’s business loan was approved following an application made through Falkirk Council; the funding is to support an increase in business this year after marketing help Glenskirlie received from Business Gateway Falkirk is said to have led to a surge in bookings for weddings.
The majority of the funding is expected to go towards refurbishments and general repair throughout the site, which comprises two events venues and two restaurants.
As part of the expansion, Glenskirlie House and Castle, which currently employs 80 members of staff, is expected to add a further 20 full and part-time positions.
Colin Macaloney, owner and general manager of Glenskirlie, said the funding “will ensure we can take on the increase in business and continue to function at the same level of high quality”.
“The support we’ve received from our advisor at Business Gateway has been first class; from the general support to identifying the opportunity to apply for funding and helping us through the application process,” said Macaloney.
ESIF is a consortium of ten east of Scotland local authorities which provides loan finance to new and growing small and medium sized enterprises in the region.

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