By Scott Wright

AN Aberdeen-based hospitality group has signalled its determination to bounce back “even mightier” after securing funds to tide it over the lockdown.

The McGinty’s Group, which has nine venues in the Granite City, has secured a six-figure funding deal under the Coronavirus Business Interruption Loan Scheme (CBILS). The loan, provided by Royal Bank of Scotland, will allow the business to safeguard jobs, premises and to pay suppliers.

McGinty’s, which formed in 2009, has more than 270 employees, but staff are currently on furlough while the outlets remain closed under lockdown measures to halt the spread of the virus. Bosses pledged their commitment to ensuring employees’ jobs are kept open for them.

Director Allan Henderson said: “Our income has been completely wiped out during this pandemic, but it is vital to keep the cogs turning to ensure the economy, our staff and suppliers can be sheltered from its impact. We’ve banked with Royal Bank of Scotland for over a decade and it’s always been a great partnership, but I was impressed with how quickly they were able to turn the CBILS loan around.”

The company’s outlets include McGinty’s Meal an’ Ale, The Silver Darling and The Esslemont, developed in the former Esslemont and Macintosh department store on Aberdeen’s Union Street.

Martin Ramsay, relationship director at Royal Bank of Scotland, said: “The McGinty’s Group has been with us since it was founded, and it’s been great to support the company’s growth over the past decade. The CBILS loan has been vital in keeping its operations afloat, and I look forward to supporting the business with a strong recovery in the coming months.”

Business leaders this week welcomed the expansion of the CBILS scheme, which now offers loans of up to £200m, up from £50m. The loans are provided by banks, with the government providing guarantees for 80 per cent of the finance.