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ENTERPRISE

THE Government yesterday launched a €75m fund to help established businesses boost growth potential.

The BDO Development Capital Fund, will invest development and growth capital in established, mid-sized and profitable companies, to support and accelerate their export growth plans.

In addition to an experienced investment team, the fund brings together a partnership of large Irish businesses and industry experts who will provide not only funding but also expertise and international reach to help home grown companies. The partners to the fund include Bank of Ireland, building materials giant CRH, dairy company Glanbia and Glen Dimplex.

Firms eligible for the fund will be mid-sized, with high-growth potential and annual turnover of €15m to €50m. It is expected that the majority of investments will come from the food and agri sector; life sciences and clean tech; ICT/software and industrial and engineering sectors.


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