Written answers
Wednesday, 2 November 2016
Department of Jobs, Enterprise and Innovation
European Investment Bank Loans
Seán Sherlock (Cork East, Labour)
Link to this: Individually | In context | Oireachtas source
472. To ask the Minister for Jobs, Enterprise and Innovation if Ireland has been a beneficiary of the InnovFin fund; and the extent to which it has benefitted in financial terms. [32970/16]
Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
Link to this: Individually | In context | Oireachtas source
"InnovFin – EU Finance for Innovators" is a joint initiative of the European Investment Bank Group and the European Commission under Horizon 2020. InnovFin consists of a series of integrated and complementary financing tools and advisory services offered by the EIB Group, covering the entire value chain of research and innovation in order to support investments from the smallest to the largest enterprise. The funding accessed by Ireland to date is listed in the following table:
| Applicant | Provider, funding (€) | Description |
|---|---|---|
| Bank of Ireland | EIF, 50M | SME Guarantee: €100M, 2 years, provides guarantees and counter-guarantees on debt financing of between €300,000 and €7.5 million, in order to improve access to debt finance for innovative SMEs and small midcaps (up to 499 employees) |
| Enet (Granahan McCourt Capital) | EIB, 12M | Expansion of next generation fibre optic telecom infrastructure across Ireland by open-access network operator: includes the delivery of ‘Fibre to the Business’ (FTTB) networks in a number of Irish towns and cities, including Claremorris, Loughrea, Ardee and Kilkenny |
| Fineos | EIB, 15M | MidCap Growth Finance |
| TOTAL: | 77M |
No comments