Irish SMEs to benefit from €100 million in EU-guaranteed loans

There is good news for SMEs following a new EU-backed loan guarantee

Irish SMEs are to benefit from €100 million in EU-guaranteed loans

Easier access to risk capital is on the way for small and medium-sized enterprises following a new EU-backed loan guarantee.

A deal signed today by the European Investment Fund with Bank of Ireland will allow the bank to enter into new loan agreements with SMEs and small mid-caps for a total of €100 million, over the next two years.

Carlos Moedas, European commissioner for research, science and innovation, said: "In 2014, Ireland was ...