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Displaying items by tag: Finance Wales

#FERRY NEWS - The operators of the Celtic Sea ferry route between Cork-Swansea need to secure over €1m in investment today in order to save the company after being thrown a €300,000 funding lifeline by Cork's local authorities.

Cork City Council agreed last night to invest €100,000 in the Fastnet Line, bringing its total investment in the company to €365,000.

It followed a 90-minute behind closed doors presentation by Fastnet Line's acting chief executive officer, Pádraic O'Kane. He is due to meet Enterprise Ireland this morning to discuss further investment. He declined to discuss the amount involved, but it is understood to be in the region of €400,000.

Finance Wales will await the outcome of those talks before it agrees to pump up to €800,000 in to the firm. For more about this story in today's Examiner click HERE

Published in Ferry

Kinsale Yacht Club located in Kinsale, County Cork lies just 120 nautical miles from Wales, 240 from North West France and only 500 from the Galician Coast of North Spain.

Kinsale Yacht Club is only a few minutes walk from every shop, hotel, pub and restaurant in Ireland’s gourmet capital but most significantly it is only 30 km by road from Cork, Ireland’s second city, and between the two lies one the region’s main assets - Cork International Airport - with its daily links to many European capitals.

Club members, of which there are more than 600, race Cruisers, One Design Keelboats and Dinghies.

The club runs inshore and offshore races, has an active cruising scene, a powerboat section and most significantly for any real club, a strong and dynamic junior training programme.

Beyond the club’s own marina is the club house itself and the dinghy park. Within the clubhouse are changing rooms, bar and restaurant all with full wheelchair access. The club’s full-time secretariat, steward and marina manager are there to look after sailing visitors and members alike in a relaxed, informal and fun environment.

The club welcomes new members and has always got room on its members’ yachts for new comers to the sport.