EIF and SBCI triple new financing for Irish SMEs to €330 million

The European Investment Fund (part of the EIB Group) and the Strategic Banking Corporation of Ireland (SBCI) have tripled their finance for Irish SMEs under the COSME programme in Ireland to a total of €330 million. The deal means that from 2018, in total, an expected 10,000 companies in all sectors across Ireland will have access to COSME support. The €230 million was agreed to meet the demand for new financing requests from Irish companies, after 3,500 SMEs primarily in the agri-sector, fully utilised the €100 million financing supported by the COSME EFSI counter-guarantee agreement signed last year.

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