Ulster Bank supports £1.5million scheme on Ballysillan Road
A £1.5million regeneration scheme in North Belfast is set to sustain 50 construction jobs, employ almost 30 people long-term, and create an important new community facility for people in the local area.
The project on the Ballysillan Road, which is being developed with lending support from Ulster Bank, will rejuvenate a prominent ¾ acre site that has long lain disused on the front of the busy road to house a doctor surgery, chiropodist and pharmacy when complete.
Healthcare Ireland, owned by developer Gilbert Yates, is undertaking the project, where work has just got underway. Mr Yates says that it is a big boost for the local community and the future regeneration of the surrounding area.
“This site has long been seen as having the potential for regeneration to benefit the community in this part of North Belfast. With funding from Ulster Bank, we were able to acquire the land and commence with the overall development of what will be an important new medical hub.
“We are delighted to go on site to begin construction work to help realise the potential of a site that has had a number of false dawns when under other ownership in the past. With the support of Ulster Bank, this scheme is now due to complete in December of this year,” he explains.
“Development will help sustain upwards of 50 jobs during the construction phase, and the scheme will employ about 27 people long-term when complete. It will also significantly improve the quality of and access to healthcare facilities for local people,” he adds.
Ian Jordan, Director, Corporate Banking Division, Ulster Bank, says: “We have worked closely with Gilbert on a wide range of healthcare developments in Northern Ireland that have resulted in substantial investment and job creation to date. This scheme has considerable social and economic value to the local area and we are very pleased to play our part in helping to support it.”
