Thursday 23 February 2017

Firm pledges €300m for SME funding

Colm Kelpie

Colm Kelpie

Capitalflow has already provided €50m in the past six months to over 230 Irish SMEs.
Capitalflow has already provided €50m in the past six months to over 230 Irish SMEs.

Dublin-based Capitalflow, a commercial lender established last year, has committed to providing €300m in finance to small and medium-sized businesses.

It comes as the European Investment Bank is considering whether to part-finance the investments of eligible mid-cap companies, with fewer than 3,000 employees, from different sectors in Ireland and the UK.

The Luxembourg-based bank is weighing up whether to provide a programme loan worth around €150m.

Capitalflow has already provided €50m in the past six months to over 230 Irish SMEs.

Capitalflow was founded by Harry Parkinson, who is its chief executive.

Irish Independent

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