Fund focuses on SMEs

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, has launched a €75 million fund under the Development Capital Scheme, to support established Irish companies targeting significant revenue and jobs growth through export markets. The development and roll out of the Scheme is a critical element in the Action Plan for Jobs.

The  BDO  Development  Capital  Fund, which will be managed by Development Capital,  a  100%  subsidiary  of  BDO,  will invest development and growth capital  in established, mid-sized and profitable companies to support and accelerate  their  export  growth  plans.

Target  companies  for  investment  will  be  Irish  and  have  significant opportunities  for  jobs  and  export  growth.  Typically companies will be mid-sized, with high-growth potential and annual turnover of €15million to €50million.  Based on the current growth opportunities it is likely that the majority of investments will come from the food and agri; life sciences and clean tech; ICT/software and industrial/engineering sectors.

IPE Newsletter

IPE publishes a weekly eNewsletter, delivering a carefully chosen selection of the latest stories straight to your inbox.

Subscribe here