Manufacturing & Supply Chain

Finance

Approval For Irish Support Scheme For SMEs

    Approval For Irish Support Scheme For SMEs

The European Commission has approved under EU State aid rules an Irish scheme to reduce the taxation of employee share options for SMEs. The scheme will allow small and medium-sized

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Ornua Signs New €610 Million Bank Facility to Support Continued Dairy Industry Growth

    Ornua Signs New €610 Million Bank Facility to Support Continued Dairy Industry Growth

Ornua, the largest exporter of primary Irish dairy products with annualised sales of about €2 billion across 110 countries, has secured new five-year syndicated bank facilities of €610 million, replacing

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Largest Ever European Investment Bank Support in Ireland

    Largest Ever European Investment Bank Support in Ireland

The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by

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EIF and SBCI Triple New Financing For Irish SMEs to €330 Million

    EIF and SBCI Triple New Financing For Irish SMEs to €330 Million

The European Investment Fund (part of the EIB Group) and the Strategic Banking Corporation of Ireland (SBCI) have tripled their finance for Irish SMEs under the COSME programme in Ireland

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EIB Backs Re-development of Limerick and Confirms New Irish Urban Investment Plans

    EIB Backs Re-development of Limerick and Confirms New Irish Urban Investment Plans

Limerick’s economic resurgence has taken another giant step forward as the European Investment Bank (EIB) confirmed a record commitment for an urban Ireland investment programme for the city. EIB will

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HBAN to Boost Angel Investment to €25 Million Per Year By 2020

    HBAN to Boost Angel Investment to €25 Million Per Year By 2020

HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland, plans to increase the amount invested in Irish start-ups by HBAN angels to

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ProVision Secures a €1,000,000 Investment From Suir Valley Ventures

    ProVision Secures a €1,000,000 Investment From Suir Valley Ventures

Suir Valley Ventures, the entrepreneur-led venture capital fund, launched in February 2017, has, together with private investors, invested a combined total of €1,000,000 in ProVision Vehicle Cameras, a leading Internet

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FEXCO Expands Further in the UK

    FEXCO Expands Further in the UK

FEXCO, one of Ireland’s most successful multinational financial services companies is about to complete its latest acquisition in the UK. This will be FEXCO’s seventh acquisition in the UK over

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MetLife Opens World-class Global Technology Campus in Galway

    MetLife Opens World-class Global Technology Campus in Galway

MetLife, which is one of  the world’s leading financial services companies, has officially celebrated the opening of a new Global Technology Campus in Galway. With plans to employ approximately 200

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European Commission Approves Sixth Prolongation of Irish Credit Union Restructuring Scheme

The European Commission has found the prolongation until 30 April 2018 of an Irish scheme aimed at restructuring credit unions, to be in line with EU state aid rules, and in

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EU Reaches Agreement on First Key Measures of Banking Reform

    EU Reaches Agreement on First Key Measures of Banking Reform

The European Parliament, the Council and the Commission have agreed on elements of the review of the Bank Recovery and Resolution Directive (BRRD) and of the Capital Requirements Regulation (CRR)

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Report Shows Ongoing Consolidation in European Banking Sector

    Report Shows Ongoing Consolidation in European Banking Sector

The number of credit institutions in the euro area banking sector declined by 25% between 2008 and 2016, according to the ECB’s 2017 Report on financial structures (RFS). On an

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Ireland’s First Syndicated Property Finance Platform Launched

    Ireland’s First Syndicated Property Finance Platform Launched

Initiative Ireland has launched Ireland’s first syndicated property finance platform (www.initiativeireland.ie). The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding

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€60 Million Backing For NUI Galway Campus Development

    €60 Million Backing For NUI Galway Campus Development

The European Investment Bank will provide €60 million towards development of the NUI Galway campus. The first ever loan to the university from Europe’s long-term lending institution will finance construction

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Budget Will be Positive For Jobs and Investment – Ibec

    Budget Will be Positive For Jobs and Investment – Ibec

Ibec, the group that represents Irish business, has reacted positively to Budget 2018, stating that it will help support further job creation and business investment. It noted that while the

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Global insurer XL Group selects Dublin for EU insurance carrier business

    Global insurer XL Group selects Dublin for EU insurance carrier business

An Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald, along with IDA Ireland have welcomed the announcement by XL Group that it has selected Dublin as its preferred location for its

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Irish Stock Exchange 2016 profits up 21% to €8m

    Irish Stock Exchange 2016 profits up 21% to €8m

The Irish Stock Exchange (ISE) plc has recorded another strong financial year with results published this week showing a 21% rise in profit after tax to €8m (2015: €6.6m). Revenues grew

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Minister Donohoe publishes Review of Ireland’s Corporation Tax Code

    Minister Donohoe publishes Review of Ireland’s Corporation Tax Code

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe, has published the Review of Ireland’s Corporation Tax Code, undertaken by Mr Seamus Coffey. Mr Coffey was appointed as an

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Graebel Companies to create 125 new jobs in Dundalk

    Graebel Companies to create 125 new jobs in Dundalk

An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald recently joined Bill Graebel, CEO of Graebel Companies Inc., to announce the official opening of the company’s newly established

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Medium sized enterprises most satisfied with government

    Medium sized enterprises most satisfied with government

ISME has published the results of its latest Government Satisfaction Survey, showing that SMEs overall satisfaction with the Government experienced another improvement on the previous quarter. The Association welcomes the

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Kabbage secures $250m funding

    Kabbage secures $250m funding

Kabbage, a company with some 115,000 customers and $3.5 billion in loans that has built an automated platform for lending money to small businesses and individuals using data points to

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Bank of America to locate EU legal entities to Dublin

    Bank of America to locate EU legal entities to Dublin

IDA Ireland has welcomed Bank of America confirmation that it has chosen Dublin as the preferred location for its principal EU legal entities following the UK’s departure from the EU.

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Visa and PayPal extend partnership to Europe

    Visa and PayPal extend partnership to Europe

Visa and PayPal have announced an extension of their strategic partnership to Europe. The two companies are already collaborating in the US and Asia Pacific to accelerate the adoption of

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Barclays to continue passported activity post-Brexit

    Barclays to continue passported activity post-Brexit

Barclays has announced that it plans to use its licensed EU subsidiary to allow it to continue passported activity post-Brexit.

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Beazley plc to establish European insurance company in Dublin

    Beazley plc to establish European insurance company in Dublin

Insurance firm Beazley plc is to establish a European insurance company in Dublin. The company, which is an IDA Ireland

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Davy Group acquires Danske bank wealth management business

    Davy Group acquires Danske bank wealth management business

The Davy Group has acquired Danske Bank UK’s discretionary portfolio management wealth business for an undisclosed sum. The deal involves

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Major recruitment drive announced for Navan

    Major recruitment drive announced for Navan

Prepaid Financial Services (PFS) and its sister company eCOMM Merchant Solutions have announced that are launching a major recruitment drive

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Newly accredited financial services apprenticeship announced

    Newly accredited financial services apprenticeship announced

Financial Services Ireland (FSI) and the National College of Ireland (NCI) has announced two newly accredited International Financial Services paid

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Bank of China opens Dublin branch

    Bank of China opens Dublin branch

Bank of China has announced the opening of its Dublin branch, in a sign of the growing importance of economic

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New CEO at Barclays Bank Ireland

    New CEO at Barclays Bank Ireland

Barclays Bank Ireland has announced the appointment of Kevin Wall as its new chief executive. He succeeds Sarah Wiggins who will

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BNY Mellon celebrates 15 years in Wexford

    BNY Mellon celebrates 15 years in Wexford

BNY Mellon, a global leader in investment management and investment servicing, is celebrating 15 years of operations in Wexford. BNY

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Northern Trust to add up to 400 new jobs in Limerick over next five years

    Northern Trust to add up to 400 new jobs in Limerick over next five years

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor, Minister for Finance Michael Noonan and Northern Trust have announced

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Grant Thornton launches new Centre of Excellence

    Grant Thornton launches new Centre of Excellence

Grant Thornton has announced it is to create 250 new jobs across all areas of its business operations in Ireland.

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Linked Finance moves into UK market

    Linked Finance moves into UK market

Peer-to-Peer (P2P) lending platform Linked Finance has received full authorisation by the UK’s Financial Conduct Authority (FCA) which will enable

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KBC Bank Ireland launches new fund for Ireland’s Bright Ideas

    KBC Bank Ireland launches new fund for Ireland’s Bright Ideas

BC Bank Ireland has announced that as part of KBC Bright Ideas it has doubled its support fund to €200,000

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IDA Ireland welcomes JP Morgan’s expansion announcement in Dublin

    IDA Ireland welcomes JP Morgan’s expansion announcement in Dublin

IDA Ireland has welcomed JP Morgan’s announcement that it will be expanding its operations significantly in Dublin. The global financial

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InterTradeIreland Seedcorn competition launches for 2017

    InterTradeIreland Seedcorn competition launches for 2017

Early and new start companies across Ireland are being encouraged to enter the 15th annual Seedcorn Investor Readiness Competition to

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FundRock opens new Dublin office

    FundRock opens new Dublin office

FundRock Management Company S.A., a leading independent UCITS Fund Management Company and AIFM (Alternative Investment Fund Manager), has opened its

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€44m investment in early stage funding for high growth companies announced

    €44m investment in early stage funding for high growth companies announced

The Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor has announced that up to €44 million is being made

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New ESRI research examines sensitivity of income tax and USC revenues to changes in income

    New ESRI research examines sensitivity of income tax and USC revenues to changes in income

Income tax (including USC) is the largest individual source of tax revenue in Ireland, accounting for over 35% of the

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22 Ulster Bank branches to close in Republic

    22 Ulster Bank branches to close in Republic

As part of a major restructuring of the business, Ulster Bank has announced it will close 22 of its branches

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ISIF invests €50m in Reverence Capital Partners Opportunities Fund

    ISIF invests €50m in Reverence Capital Partners Opportunities Fund

A fund run by former executives at Goldman Sachs has received €50m from the Irish Strategic Investment Fund (ISIF) to

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Luxembourg and not Dublin for AIG’s post-Brexit EU base

    Luxembourg and not Dublin for AIG’s post-Brexit EU base

Hopes that global insurer AIG might relocate its European regional HQ to Dublin from London have been dashed, with Luxembourg

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AIB Announce Pre-Tax Profits of €1.7 Billion

    AIB Announce Pre-Tax Profits of €1.7 Billion

AIB announced annual pre-tax profits of €1.7 Billion and proposed a dividend of €250 million on Thursday. In a statement,

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Enterprise Ireland Announces Two Start Fund Competitions

    Enterprise Ireland Announces Two Start Fund Competitions

Two Competitive Start Fund (CSF) competitions worth a total of €1 million in funding from Enterprise Ireland will open for

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Glanbia Proposes Sale of Dairy Ireland as Earnings Per Share Increases 11.2 Percent

    Glanbia Proposes Sale of Dairy Ireland as Earnings Per Share Increases 11.2 Percent

Nutrition company Glanbia announced the proposed sale of 60% of Dairy Ireland on Wednesday as results for the year 2016 were

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OncoMark Secures €2.1 Million Investment to Commercialise Breast Cancer Diagnostic Test

    OncoMark Secures €2.1 Million Investment to Commercialise Breast Cancer Diagnostic Test

OncoMark, a University College Dublin (UCD) spin-out company, announced on Wednesday that it has secured €2.1 million to fund the commercialisation

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The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

    The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

Post provided by Mazars. From building technologies and enhanced decision-making systems, the advances in both digital technology and connectivity with

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Three Agencies Upgrade Eir’s Credit Rating

    Three Agencies Upgrade Eir’s Credit Rating

Eir announced on Friday that all three ratings agencies; Moody’s Investors Service, Standard & Poor’s, and Fitch Ratings have each

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Shard Capital Launches Venture Capital Fund

    Shard Capital Launches Venture Capital Fund

Shard Capital Partners LLP announcesd on Thursday the launch and first closing of the Suir Valley Venture Fund of Suir

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Enterprise Ireland Invested €32 Million Into Start-Ups in 2016

    Enterprise Ireland Invested €32 Million Into Start-Ups in 2016

State agency Enterprise Ireland announced on Thursday that it invested €32 million in Irish start-ups in 2016 and supported a

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KBC Releases 2016 Preliminary Results, Commits to “Long-Term Investment in Ireland”

    KBC Releases 2016 Preliminary Results, Commits to “Long-Term Investment in Ireland”

KBC banking group on Thursday released preliminary results for their Irish operations 2016, in which it confirmed its long-term commitment

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Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

    Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

The Government-funded, not-for-profit lender, Microfinance Ireland (MFI), supported the creation of almost 1,000 Irish jobs through loans to small business

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Government Opens Public Consultation for National Planning Framework

    Government Opens Public Consultation for National Planning Framework

The Taoiseach and Minister Simon Coveney launched a major national consultation for the preparation of a strategic planning and development

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Minister Eoghan Murphy Publishes IFS2020 Action Plan for 2017

    Minister Eoghan Murphy Publishes IFS2020 Action Plan for 2017

Minister for International Financial Services Eoghan Murphy, published the IFS2020 Action Plan for 2017 on Monday. The IFS2020 Strategy is

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EVO Payments International to Create 50 Jobs as Part of €9.1 Million Investment

    EVO Payments International to Create 50 Jobs as Part of €9.1 Million Investment

Card payment service provider EVO Payments International plans to open a new Irish headquarters and create 50 new jobs as part

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SilverCloud Health Raises $8.1 million in Series A Funding

    SilverCloud Health Raises $8.1 million in Series A Funding

Digital company SilverCloud Health raised $8.1 million in Series A funding, the Department of Jobs announced on Thursday. Venture capital firm B

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Enterprise Ireland Launch €750,000 Competitive Start Fund

    Enterprise Ireland Launch €750,000 Competitive Start Fund

Enterprise Ireland announced on Thursday a new Competitive Start Fund (CSF) of up to €750,000 to support start up activity

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