02/05/2013

EIB To Invest €200m In Irish SMEs

Chairperson of the Joint Oireachtas Committee on European Affairs, Dominic Hannigan T.D., has welcomed news that the European Investment Bank (EIB) will make €200 million in loans available to Irish small and medium businesses through AIB.

These loans will be offered to SMEs at a cheaper rate thanks to the EIB.

Mr Hannigan said: "The provision of new, cheaper loans from the EIB is good news for Irish businesses. There is a vibrant and growing start-up community in Ireland and the availability of €200 million to SMEs will provide cheaper, better loans for new start-ups and for established businesses. This fund will help Irish businesses to develop and expand, creating employment and growth in the Irish economy.

"The announcement from the EIB this week is a ringing endorsement for Ireland. It demonstrates that Ireland's reputation is recovering and that the Irish economy is getting back on track. The three priorities of the Irish Presidency have been stability, growth and jobs. The news from the EIB is a vindication of Ireland’s progress to recovery and to the positive impact of our EU Presidency."

(CD)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

03 September 2012
America's Retail Giants View Irish Consumer Products
Senior executives from America's largest retail chains are in Dublin with Enterprise Ireland today to view Irish consumer products with particular potential for large-scale distribution in the American retail market. Between them, these US retail chains have 11,000 stores and sales valued at $182bn per year.
30 August 2016
Finance Minister Seeks Investment Assurances From EIB
NI's Finance Minister, Máirtín Ó Muilleoir, has met with the Vice-President of the European Investment Bank (EIB) to seek assurances on continued investment in the Northern Irish economy. Minister Ó Muilleoir met with Jonathan Taylor to discuss EIB and it's place in NI in the wake of the EU referendum vote.
10 May 2011
Enterprise Ireland 'Saves €15m'
The Irish Republic's Minister for Jobs, Enterprise and Innovation has today launched Enterprise Ireland's new Lean Business initiative. Launching the programme Richard Bruton said: "This major initiative will help Irish companies significantly improve their competitiveness in international markets and increase their export sales.
01 December 2003
Cable & Wireless launches new NI business package
International telecommunications group, Cable & Wireless, today launched a new voice package for Northern Irish business customers. Cable & Wireless claims their Business Talk package will provide a minimum of 15% savings over certain BT services on call charges, with no hidden costs, such as set-up or minimum call charges.