Top NI chef’s new venue secures Investment Fund boost
A Northern Ireland chef who has showcased his skills on The Great British Menu is among the first businesspeople to be backed by the Investment Fund for Northern Ireland as he and his business partner prepare to open their new venture.
Alex Greene and his business partner Bronagh McCormick have bagged the first loan from a new £70m fund for their new Co Down venture.
The British Business Bank announced that the pair, who have taken over The Bucks Head in Dundrum, are the first businesspeople to be backed by the Investment Fund for Northern Ireland.
Fund manager Whiterock has facilitated the £100,000 loan to the duo, formerly head chef and manager at the Michelin-starred Deanes EIPIC in Belfast.
The fund offers finance options including debt finance and equity investment to support businesses from all sectors and at different growth stages.
Under Alex and Bronagh, the restaurant, bar and guestrooms have been refurbished ahead of a grand re-opening later this month.
Alex is also known for taking part in Great British Menu where he unveiled The Incredible Edible Book. He began his career washing dishes and preparing vegetables in The Bucks Head.
The loan is being used in the refurbishment of the premises, a new kitchen, an upgrade of three upstairs guestrooms, and the recruitment of staff.
Bronagh said the timing was right for the move to Dundrum.
“The Bucks Head is somewhere which means a great deal to Alex and, as the previous owners were retiring, we felt the time was right to go into business together,” she said.
“Dating back to the 18th century, The Bucks Head is extremely well known and is thought of very highly, both locally and further afield. Everyone we speak to seems to have a story about the place.
“The Investment Fund for Northern Ireland loan has supported us in bringing our vision for The Bucks Head to life and driving the next stage of growth. We found the team at Whiterock very accommodating to work with and the process was straight-forward and efficient. We are delighted with how everything went so smoothly.”
