Dubco Ireland Joins CSNA In Providing Affordable Loans For Deposit Return Scheme

Dubco Ireland Credit Union has partnered with the Convenience Stores and Newsagents Association (CSNA) as the leading financer for Re-turn, Ireland’s new national Deposit Return Scheme, which was established to help Ireland achieve EU recycling targets for the estimated 2 billion drinks bottles and cans that are consumed here each year.

Dubco Ireland Credit Union’s financing will support the scheme’s rollout through its Green Business Loan. Loans are available to all CSNA members who join Dubco Ireland, with the scheme expected to go live in February 2024. All retailers must register for the scheme, which will be a big step towards a more sustainable future. Members can apply for this loan, for which SEAI grants are available, by joining and applying online at https://www.dubcoireland.ie/CSNA.

“We are delighted to be associated with the CSNA, and we look forward to providing our hugely competitive and flexible range of products and services to CSNA members, staff and their families,” said Michael Ahern, CEO of Dubco Ireland.

“The Green Business Loan is a very affordable loan with a potentially market-leading interest rate of 5.47% (5.61% APR*) and a flexible repayment term of up to 10 years. It is one of the many similarly affordable and flexible loan products Dubco Ireland offer to make practising sustainability an achievable goal for all businesses, and is likely to be particularly attractive to smaller businesses.”

The Deposit Return Scheme hopes to achieve higher drink container collection rates and contribute to the ongoing fight against single-use plastics. More than 40 countries and regions have successfully introduced this type of scheme, with recycling rates exceeding 90% in many countries. According to the EU’s Directive on single-use plastics, Ireland must ensure a collection of 77% of plastic beverage bottles placed on the market by 2025, rising to 90% in 2029.

“We are absolutely thrilled to partner again with Dubco Ireland Credit Union,” said Vincent Jennings, CEO of CSNA. “Their support in financing the reverse vending machines for our CSNA members with the low-rate Green Business Loan is a significant step forward in making the Deposit Return Scheme a reality for our members. Together, we’re helping paving the way for a greener, more sustainable future for our members and our planet.”

Dubco Ireland welcomes anyone wishing to join who works in the FMCG (retail, food, pharmaceutical) sector, including employees, employers and their families. Dubco Ireland also welcomes anyone working in the municipal, dental and non-teaching educational sectors. To apply for membership, go to https://forms.dubco.ie/ and complete the online form.