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New 200m support for Irish business investment

Written by Robert McHugh, on 1st Dec 2017. Posted in Financial

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It was announced yesterday that companies across Ireland are expected to benefit from cheaper financing following a new €200m initiative agreed in Dublin by the European Investment Bank (EIB) and DLL.

The new scheme aims to strengthen leasing and financing for SMEs and mid-cap companies active in agri-business and the food industry, construction, transport and other sectors.

The scheme will be managed in Ireland by DLL Ireland DAC. It will be supported by a €100m EIB loan with additional financing matched by DLL. This represents the largest EIB support for investment by Irish companies with a commercial financing partner for six years.

Speaking yesterday, European Investment Bank Vice President, Andrew McDowell said, "The European Investment Bank is pleased to strengthen successful cooperation with DLL to support EUR 200 million of new investment by Irish companies. Food, agri-business and construction companies across Ireland will be able to grasp new business opportunities and expand activity with the significant new financing being made available today."  

Source: www.businessworld.ie

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