START UP businesses are being given a leg up at the Fumbally Exchange in Balbriggan which had its official opening last week when Minister for Health, James Reilly TD dropped in to cut the ribbon on the facility.
Although its official opening was just last week, the Fumbally Exchange in Balbriggan has been up and running in Railway Street since July. Fumbally Exchange Balbriggan describes itself as 'not-for-profit innovation hub'. The Exchange is a community of design-focused small businesses, sole traders and start-ups, whose aim is to cultivate an atmosphere for creative and regenerative growth in a time of great challenges and volatility in our industry.
Founded in 2010 by architect George Boyle in the heart of the Liberties, Dublin 8, the aim of Fumbally Exchange is to make work together, find, share and create opportunities for tangible, sustainable employment. In 2012, through the leadership of Balbriggan Enterprise Development Group, Fumbally Exchange Balbriggan was set up in Railway Street. According to Balbriggan Chamber of Commerce: 'It is a new centre of design and innovation that will inject a creative energy into business regeneration and urban renewal in our town.'
This fantastic initiative would not have come about, but for the support and funding from Balbriggan Town Council, Balbriggan Enterprise Development Group (BEDG), Balbriggan Chamber of Commerce and Fingal County Enterprise Board who are all proud that Fumbally Exchange is now up and running. The exchange is seen as a vital step in the economic regeneration of Balbriggan which has suffered badly from the recession. Unemployment is high in the town but those with an idea and the will to see it through now have a place to go for support and encouragement as the businesses of tomorrow take their first steps at the Fumbally Exchange.