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17-01-2020

European Investment Bank funding in the new decade

The Panel
The Panel

Today we hosted an event entitled ‘European Investment Bank funding in the new decade’, focussing on loans available from the European Investment Bank (EIB) in Ireland for major projects tackling the climate crisis, enhancing skills and innovation, promoting small business and developing infrastructure.

The event was chaired by Frances Fitzgerald MEP and panellists were: Catherine Moroney, Head of Business Banking at AIB, Nick Ashmore, Chief Executive of the Strategic Banking Corporation Ireland and Laura Burke, Director General of the Environmental Protection Agency.

Andrew McDowell, Vice-President of the EIB, gave the Keynote speech.

“The start of a new decade, imminent impact of Brexit and this week’s confirmation of a General Election ensures a timely discussion of future investment priorities for Ireland. The European Investment Bank thanks the European Parliament for bringing together leading business, political and policy stakeholders to consider how funding for climate action, innovation, infrastructure and small business investment can be strengthened in the coming years. As the long-term financing arm of the European Union and world’s largest international public bank, the EIB has a unique track record supporting transformational public and private investment across Ireland since 1973. We look forward to discussing priority investment with Irish partners and how best to maximise the impact of EIB financing across this country ,” said McDowell.

Frances Fitzgerald MEP said, “Ireland needs accelerated investment in critical infrastructure to meet the needs of a growing economy and population and to support ongoing job creation. The European Investment Bank has a strong mandate for investment in Europe with an increased focus on financing for the green transition. This seminar was a key opportunity to bring together national and European stakeholders to ensure that Ireland takes full advantage of the EU and EIB investment programmes, particularly on sustainable investment.”