Simon Coveney (Cork South Central, Fine Gael)
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Following consistent feedback from the market that scale ups are having difficulty accessing finance in Ireland, my Department established the Finance for Scale Ups (FSU) Working Group in 2022

This group consisted of representatives from my Department, the Department of Finance; Enterprise Ireland (EI); the Ireland Strategic Investment Fund (ISIF); the Strategic Banking Corporation of Ireland (SBCI); and the European Investment Bank/European Investment Fund (EIB / EIF).

The Group has now developed actionable recommendations to support high potential firms to access scaling finance and these will be set out in its Report, entitled “The Use of Finance as a Catalyst to Develop a Scaling Ecosystem”.

I intend to publish the report of the Finance for Scaling Working Group before the end of Q1 of this year.