Oireachtas Joint and Select Committees

Tuesday, 4 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-ECOFIN Briefing: Minister for Finance

8:40 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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It is the transmission mechanisms into Irish industry that are the issue. The EIB is putting about €400 million into the strategic investment bank fund, which we announced last Friday, and the fund available for 2015 is €800 million. We intend to carry that forward each year for five years so there would be a total of about €4 billion available.