Our global pages
Close- Global home
- About us
- Global services/practices
- Industries/sectors
- Our people
- Events/webinars
- News and articles
- Eversheds Sutherland (International) Press Hub
- Eversheds Sutherland (US) Press Hub
- News and articles: choose a location
- Careers
- Careers with Eversheds Sutherland
- Careers: choose a location
EIB to support €300 million Future Growth Loan Scheme for Ireland as Brexit looms
- Ireland
- General
04-02-2019
The European Investment Bank (the “EIB”) is set to increase financial support for Ireland in a number of sectors as the country prepares for Brexit. The EIB and the European Investment Fund have approved support for the Future Growth Loan Scheme (the “Scheme”), a new €300 million lending program to support investment by Irish companies most exposed to Brexit related uncertainties and which are seeking to develop new products and reduce their exposure to the UK market. The Scheme is a key part of the Brexit preparations announced by the Minister of Finance, Paschal Donohoe in his 2019 Budget.
The new initiative will target agriculture and food companies across the country, as well as firms active in other sectors, through new long-term credit lines to be provided by Irish finance providers. The loans will be co-ordinated by the Strategic Banking Corporation of Ireland.
This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.
- SAIIPL Submission on the Copyright and Performers Protection Bills To The NCOP
- Eversheds Sutherland opens new office in San Francisco
- Eversheds Sutherland advises GuarantCo to boost infrastructure development in West Africa
- Webinar: Board Members’ and Director’s liability, how to mitigate the risks.
- Restrictive Covenants