30/08/2016

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.
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"The EIB is an important player in the local economy and has provided loans of £430 million over the past few years for key projects for higher education and social housing which Mr Taylor has already assured me will be honoured," Minister Ó Muilleoir said.

"But I am also encouraging the EIB to continue with its plans for further investment.

"The EIB has been instrumental in helping my Department set up a £100m Investment Fund and has been involved in advanced discussions on a potential new loans facility for our Councils. I hope to encourage the EIB to match our £100m fund and develop this £200m facility for Councils."

(MH/CD)

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