The ISIF's recent press release re the economic impact of its funding to date makes interesting reading. To end 2015 the ISIF has committed €2.2bn for investment in Irish companies and projects- in a range of sectors including Infrastructure, Energy and Healthcare. The ISIF's report states that over €355m has been invested to date in SMEs and €434m in venture funds. The Irish start up sector generally, and Fintech Sector in particular, urgently needs to see some of that green!
1 June 2016 - The Ireland Strategic Investment Fund has today published an update on the economic impact and details of its investments in 108 Irish companies and projects. The companies supported by this investment activity employed almost 18,000 people directly and indirectly, with 60% of jobs supported outside of Dublin, and generated annual revenues of €1.2 billion for 2015. The Fund made investment commitments of €759 million to additional companies and projects in 2015, bringing the total committed to €2.2 billion at year end. Today’s report also shows an additional 5,935 jobs were supported by the Fund’s investment activity last year, mostly in the SME sector, bringing total employment supported by the Fund to nearly 18,000.