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Local credit unions launch new agri loan product

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Six credit unions in the Kerry/Cork region have launched new agri loan product ‘Cultivate’.
The new credit union farm lending offering was officially launched on Wednesday, by IFA National Chairman - Farm Business, Martin Stapleton. It will be available at Killarney Credit Union, Listowel Credit Union and Cara Credit Union in Kerry, as well as Ballincollig Credit Union, Bantry Credit Union and Kanturk Credit Union in Cork.
The credit union farm lending project is modelled on a pilot initiative by four credit unions in Galway, who launched the Cultivate brand in 2017. Since then, 20 credit unions throughout Ireland have introduced the agri loan product to members.
Since its introduction, Cultivate has proved very popular with farmers with nearly €20m in loans issued to farmers. The Cultivate farm loans are for a wide variety of purposes, everything from working capital, cash flow, farm development, livestock purchase, farm machinery purchase, rural enterprise funding, and start up farm finance.
“We are delighted to officially launch the Cultivate agri loan products to credit union members in the Cork and Kerry areas,” Brendan Heneghan, former Regional Manager with Teagasc, and project manager of the Cultivate brand, said.
“We have been working hard on this project for the past number of months. Credit Union agri loan staff have completed a bespoke five-day course on Farm and Finance organised by Teagasc in association with Pallaskenry Agricultural College. Credit unions are now open and ready for business.”
The Cultivate farm loan package will offer loans up to €50,000 for a variety of purposes with a competitive loan rate. The term of the loan can be up to seven years. Loan protection insurance is also provided on the loan at no additional charge.
“We hope that farmers will look to their local credit unions as an alternative for farm finance,” Mark Murphy, CEO, Killarney Credit Union said.
“After all, credit unions are embedded in their local communities and are in a position to lend to those living or working locally. Our loans are unsecured, and we can offer a variety of repayment schedules to suit farmer’s needs.”
Appointments can be made to meet a Cultivate Farm Advisor on 064 6631344 ext. 2 or loans@killarneycu.ie. Further information on Cultivate farm loans is available from any of the credit union branches or on www.cultivate-cu.ie.

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Town centre hotel slashes energy costs by over a third after retrofit

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A full energy retrofit at Scott’s Hotel will cut annual energy costs by more than a third, highlighting how hospitality businesses can benefit from available grant supports.

A showcase event at the hotel on Friday last heard how the project has significantly reduced carbon emissions while improving energy efficiency and the overall guest experience.

The project, delivered by Energywise Ireland under the SEAI Community Energy Grant (CEG) scheme, included a 162kW solar PV system, cavity and attic insulation, a hot water system upgrade and a new air conditioning system.

The renewable energy company said the retrofit has the potential to result in a 36% reduction in annual energy costs.

It’s also advising that companies and community groups can avail of grant amounts of between 30% and up to 50% for non-domestic buildings.


Berth Sheehy, CEO of Energywise Ireland said: “We were delighted to be asked to take on this project at Scott’s Hotel Killarney and we’re very pleased with the results. Hotels operate year-round with significant energy demands, so the impact of targeted measures can be substantial.

This project shows how businesses can reduce energy costs and emissions while making their operations more efficient.”



Managing Director at Scott’s Hotel Maurice O’Donoghue added: “Like many hospitality businesses, energy costs are a key consideration for us. We received sound, practical advice from Energywise Ireland and the results have exceeded our expectations. Not only have we reduced our energy use and running costs, but we’ve also improved comfort levels for guests throughout the hotel.”

The SEAI is encouraging other businesses across the country to explore available grant supports. Spokesperson Katerina Leromonahos said: “SEAI offers a range of supports to help businesses improve energy efficiency, from community-based projects to direct business grants.

These supports help businesses reduce energy use and lower running costs. We would encourage businesses to explore the options available and seek advice, including through registered One Stop Shops, to find the approach that best suits their needs.”


Founded in 2009, Energywise Ireland is a nationwide provider of energy services, specialising in renewable energy and retrofit solutions for domestic, commercial and agricultural clients. Its services include solar PV, heat pumps, EV charging systems and full energy upgrades, delivered through SEAI-supported programmes including its registered One Stop Shop.

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Shades are spot on for the greening of Killarney

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Killarney will leave every other town in the country green with envy when the whole place turns a distinctive shade of green in the lead up to and during the St Patrick’s Festival.

From early this month, buildings across the town and the surrounding area will be illuminated in vibrant green, including landmarks such as St Mary’s Cathedral, the Franciscan Friary, St Mary’s Church of Ireland, Methodist Church, Ross Castle and Killarney Courthouse.


In addition, several hotels, shops, restaurants and pubs will join in the celebration and a public vote on Facebook will select Killarney’s Best Green Themed Building.


Shop windows will be decorated, locals and visitors dress in shades from emerald to lime and colourful hats and costumes add to the fun.


Businesses have been urged to make a special effort this year and the entire town will be a winner.

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