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Storage World secures €3.8million Investment to support growth

HTW Capital SPV Limited, a Storage World business, has secured €3.8 million from the Goodbody EIIS Funds with €2.5 million received in November 2020 and a further €1.3 million in March 2021.

The investment will be used to develop a new Storage World facility which will have over 500 state of the art units when fully completed. Storage World provides units in 10 different sizes and offers flexible storage plans for its customers. The customer can access their unit at any stage during opening hours and 24/7 access can also be made available at request. All units provided are dry, safe, fire protected and fully secured with alarms and 24-hour CCTV.

“We are delighted to make this investment from the Goodbody EIIS Funds, which will help Storage World with its ambitious growth plans to become one of Dublin’s leading self-storage businesses. The Management team has nearly 20 years of experience in the Self-Storage business and we are confident they have the knowledge to adapt and grow to meet the needs of their customers,” said Mark Richardson, Managing Director of The Goodbody EIIS Funds.

The Goodbody 2020 EIIS Fund Seeks Investee Companies

The Goodbody 2020 EIIS Fund is seeking to invest €1m – €3m in Irish companies under the Employment and Investment Incentive Scheme (“EIIS”).

The availability of funding for Small and Medium Enterprises (“SMEs”) has greatly diminished as a result of the COVID-19 pandemic. As the economy continues to deal with the new challenges the pandemic brings, there is an ongoing lack of credit for growing SMEs. We believe that there is a good opportunity in the market to provide EIIS funding to good quality Irish SMEs.

As Mark Richardson explains, “EIIS is one of the few remaining income tax reliefs available to investors and represents a key element of effective financial planning. We are very happy with the progress of our previous funds and we are currently looking for investments for the Goodbody 2020 EIIS Fund.”

The Goodbody EIIS Fund is a joint venture between Goodbody Stockbrokers and Baker Tilly.

Are you looking into funding options for your company? Get in touch with the EIIS Team on (01) 6699 999.